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The NZDCAD tests the resistance – Forecast today – 10-5-2024
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The NZDCAD tests the resistance – Forecast today – 10-5-2024
May 10, 2024 1:32 AM

NZDCAD Price Analysis 1. Expected Scenario NZDCAD price faces strong positive pressures from recent stochastic rally. Correctional bullish rebound tests 0.8256 resistance again. Scenario depends on strength of resistance. Expectation of forming strong negative waves if resistance holds. Targets at 0.8205 and 0.8172 levels if resistance holds. Breaching resistance confirms move to bullish track, targeting 0.8290 and 0.8345. 2. Expected Trading Range Anticipated trading range today: Between 0.8255 support and 0.8205 resistance. Trend Forecast: Bearish

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