NZDCAD Alt. Bat

28 mar 2015

I've drawn three slopes. There is a horizontal range 0.87-0.96, a shaded channel and a steeper ML. There isn't enough momentum to go to the median line but I think the trend will likely continue above the strong resistance at 0.96. The CAD is likely to weaken as oil's possible anticipated bounce to $55-60 fails to materialize but rather we see a decline to possibly below $40. I've drawn an alt. bat to suggest a possible target.