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HomeCurrenciesNZD/CAD Technical Analysis: The Pair Gains Positive Momentum

NZD/CAD Technical Analysis: The Pair Gains Positive Momentum

The NZD/CAD pair has confirmed its bullish trajectory by settling above the additional support at 0.8255. It is currently undergoing temporary sideways fluctuations near 0.8350. The pair is expected to gain positive momentum as indicated by the stochastic indicator, forming strong bullish waves.

The next target is to surpass the intraday obstacle at 0.8415, followed by aiming for the 38.2% Fibonacci correction level at 0.8482. This will serve as the next main target for bullish trades.

The expected trading range for today is between 0.8310 and 0.8415.

Expected Trend for Today: Bullish