The NZDCAD renews the bullish attempts – Analysis – 23-3-2023

The NZDCAD pair resisted the negative pressure caused by stochastic fluctuation near 50 level, to keep its positive stability above 38.2% Fibonacci correction level at 0.8475, to notice the beginning of recording some gains by rallying towards 0.8590.

The price might face some difficulties by surpassing the additional obstacle at 0.8630, while stochastic attempt to provide the positive momentum now allows us to keep the bullish attempts, to expect achieving the required breach and reach 0.8685 direct, followed by targeting the recently recorded high at 0.8810.

The expected trading range for today is between 0.8535 and 0.8630

The expected trend for today: Bullish