NZD/CAD may rise 46 - 67 pips

0.8308 is our pivot point.

Our preference

As long as 0.8308 is support look for 0.8405.

Alternative scenario

Below 0.8308, expect 0.8273 and 0.8253.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.8334 and 0.8316).

Supports and resistances

0.8446 **

0.8425 *

0.8405 **

0.8384

0.8338 last

0.8321

0.8308 **

0.8273 *

0.8253 **

Number of asterisks represents the strength of support and resistance levels.