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Trading Idea - NZD/CAD, 04-03-2024
Trading Signal: NZDCAD
| Order | Buy |
| Direction | Bullish |
| Pattern | Support Line Test |
| Interval | 4 hours |
| Length (Candles) | 3 |
Idea Summary
The medium term NZDCAD price forecast is bullish. The NZDCAD price is retracing up after testing a support above the 200-period moving average MA(200). Most likely the price will continue rising to test Fibonacci 38.2 level while there is a likelihood it may reverse and start declining to retest the support again.
Note:
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