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The NZDCAD price continues to rise – Forecast today – 4-6-2024
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The NZDCAD price continues to rise – Forecast today – 4-6-2024
Jun 4, 2024 1:53 AM

NZDCAD Price Analysis Expected Scenario The NZDCAD price succeeded to resume the main bullish attack due to its stability above the additional support 0.8345 recently, to notice recording new gains by reaching 0.8440 and settling above it. Note that stochastic approach to the overbought areas will increase the chances of gathering the additional positive momentum to ease the mission of targeting 38.2% Fibonacci correction level at 0.8480, which surpassing it will open the way to resume the bullish attack in the upcoming period by targeting 0.8520 as a first additional station for the bullish track. Expected Trading Range Between 0.8400 and 0.8480 support and resistance levels.

Trend Forecast: Bullish

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