NZD/CAD Long

10 thg 3, 2019

It looks like we have finally made our clean break and close above strong resistance within this range-bound market. This pair has been trading between .9100 & .8900 since the start of the year, respecting these support and resistance levels each time price approached it. Now that we have broken and clearly closed above, we can expect a strong rally in price up to the .9250 resistance area. This is an area of interest based off prior structure and is also our 1:1 projected price move based of the size of the range we have been trading in since January 1st.