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The NZDCAD faces the additional support – Analysis – 24-1-2024
The NZDCAD pair faced strong negative pressures recently to force it to postpone the bullish attack and provide correctional trades to notice reaching the additional support at 0.8175 and hold above it.
The near-term and medium-term scenario depends on the strength of the current support line, as its stability allows us to expect the beginning of forming bullish waves, to attempt to jump above 0.8255 followed by extending the bullish trades towards 0.8300, while facing continuous negative pressures and crawling below 0.8175 will force it to suffer new losses that start at 0.8130 and 0.8090.
The expected trading range for today is between 0.8190 and 0.8255
The expected trend for today: Bullish
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