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-
2426.380
23.303%
-
79.660
2.040%
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1.0858
1.6744%
-
5312.91
0.08%
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39816.84
0.41%
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18672.82
0.55%
The NZDCAD tests the resistance – Forecast today – 10-5-2024
Economies.com
2024-05-10 07:11AM UTC
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