Tues 22nd November 2022

Today, Our Daily Currency Strength Weakness Video will focus on:

  • NZDCAD

Charts Provided by Charles Clifton

Daily Analysis By Jon Kibbler

NZDCAD- 200MA Support Held

In today’s currency strength video we identified that NZD is S1 on the trend trader tables and the CAD is W2 on the trend traders table.

This currency pair has come to our attention after scanning the NZD pairs for an opportunity.

Today’s opportunity is more suited to day traders as the price of NZDCAD is close to a key resistance level. 

Price has been in a upward trend on the H4 chart and the price has recently found support at the daily 200 moving average. This also holds confluence with the previous  highs and minor trendline support. 

Technical Observations

  • The NZD is S1 on the trend tables and the CAD is W2 on the trend traders tables.
  • The NZDCAD has key resistance above current price at 0.8300 handle.
  • Price on H4 chart is in an upward trend.
  • Support has been found at the previous H4 highs and Daily 200 Moving Average. 

Stay up to date LIVE 27/4 Trading Calendar HERE