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MujkanovicFX

NZDCAD Long - Watch out for a bullish wedge breakout

Long
New Zealand Dollar/Canadian Dollar (FX:NZDCAD)  
MujkanovicFX  
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis NZD CAD NZDCAD buy LONG Divergence signal longsetup
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trendanalysis chartpattern beyondta nzd cad nzdcad buy long divergence signal longsetup
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.

Idee correlate

MujkanovicFX
NZDCAD on the way to gain 3%
MujkanovicFX
NZDCAD Buy Setup: H.Support, Divergence and Momentum
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