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NZD/CAD Signal - NZD Electronic Card Sales - 9 June 2021

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Signal Details
Entry Price: 
0.8720
Take Profit: 
0.8822
Stop Loss: 
0.8660
Direction: 
Buy
How we trade
Average: 5 (1 vote)

NZDCAD has bounced from range support and we are looking for continued upside into the range resistance. We have the NZD electronic card sales data being released shortly, which is a great insight into the NZD consumer economy. Technically we have broken the resistance trendline, had a trendline bounce, and the PPO histogram has turned bullish.

Submitted by Toni H. on Wed, 09 Jun 2021 04:54:45 GMT

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.

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