From earlier posts, EUR/NZD and AUD/NZD Trade setups reached full targets, while Palladium stopped out.
Trade Setup : NZD/CAD Broke Resistance And Ready to Rise
The NZD/CAD has just completed a rounding bottom following the breakout above its neckline and key resistance at 0.8495 area.
Meanwhile, the price has established a series of higher highs and higher lows since mid October low, and also taken its short to medium term falling trend line.
I am looking for further upside towards the next resistance at 0.8625 as a first target. Followed by the 200 days simple moving average also around the potential horizontal resistance at 0.8702.
Trade with care
Technician
