NZDCAD: Classic Trend-Following Setup 🇳🇿🇨🇦

19 gen 2023

Hey traders,

NZDCAD is trading in a bullish trend since October.
Reaching 0.88 resistance, the pair initiated a correctional movement.
The price dropped to a trend line and perfectly respected that one more time.

Yesterday, the pair broke and closed above 0.86 - 0.8625 horizontal resistance.
It is a very important bullish clue, and it signifies a dominance of buyers again.

Look for buying opportunities from the underlined blue zone:
it is based on a horizontal resistance and a trend line.

I will expect a bullish movement from that area at least to 0.88 level.

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️