NZD/CAD Above Resistance

NZD/CAD pair has been doing pretty well in the recent days going from 0.90 beyond 0.91 and consolidating around 0.9090. NZD/CAD saw a bullish weekly candle close at the top of the box range.

The market structure is bullish, however price still remains at the 200EMA and weekly 50EMA. For a long position, we need to see a break beyond the box range resistance. A solid break - retest would be a great signal of further upside movement.

Above 0.91 we could see bullish move towards 0.92 and major bull target at 0.94. On the downside, first support zone is seen at 0.8890, second support is seen at 0.8755 and third support rests at 0.87.

Chart: NZD/CAD D1