The Pair is trading in an upper channel from lower levels. The pair has been correcting for 1 year. Near the support zone the pair has formed the upper channel a breakout from the upper channel will be an opportunity to enter long.

The Pair is trading above the 50 day EMA which indicates positive direction. A turn on the upside in EMA would be an extra confirmation to go long. The RSI has been following the falling trendline. A breakout of the trendline would be a strong confirmation to go long.

NZD/CAD

Mar 04 2022