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-
2435.680
23.776%
-
79.270
2.520%
-
1.0864
1.6160%
-
5315.15
0.12%
-
39881.34
0.25%
-
18668.69
0.53%
The NZDCAD tests the resistance – Forecast today – 10-5-2024
Economies.com
2024-05-10 07:11AM UTC
NZDCAD Price Analysis
1. Expected Scenario
- NZDCAD price faces strong positive pressures from recent stochastic rally.
- Correctional bullish rebound tests 0.8256 resistance again.
- Scenario depends on strength of resistance.
- Expectation of forming strong negative waves if resistance holds.
- Targets at 0.8205 and 0.8172 levels if resistance holds.
- Breaching resistance confirms move to bullish track, targeting 0.8290 and 0.8345.
2. Expected Trading Range
- Anticipated trading range today: Between 0.8255 support and 0.8205 resistance.
Trend Forecast: Bearish