The NZDCAD needs to break the average– Analysis – 29-09-2020

Economies.com
2020-09-29 05:28AM UTC

The NZDCAD kept its negative stability within the bearish channel levels, reaching below the main resistance at 0.8890, noticing its stability near the moving average 55 at 0.8728.

 

resuming the negative attack needs a strong negative momentum, to ease the mission for breaking the moving average 55 and holding below it, and that allows it to begin recording the main targets by reaching 0.8630 and 0.8480.

 

The expected trading range for today is between 0.8835 and 0.8700

 

The expected trend for today: Bearish

 

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