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MujkanovicFX
26 de Abr. de 2019 8:19

NZDCAD Long - Watch out for a bullish wedge breakout Largo

New Zealand Dollar/Canadian DollarFXCM

Descripción

NZDCAD is triggering a bullish wedge pattern on the daily chart, after finding strong buying power at a horizontal support zone previously. (Setup posted recently).

The bullish divergence is also still in-tact. Overall, the pair trades near the lower range levels and has more upside potential.

Today's risk-on market environment and week/month-end profit taking taking may also push the pair higher.
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