NZD/CAD bullish trend appears to be still valid after the pair broke above 23.6% Fibs resistance applied to the trendline breakout point.
After the breakout, NZD/CAD found the technical and psychological support level (0.9600) and started to move higher.
Consider buying NZD/CAD on pullbacks towards 0.9600, targeting 0% Fibs (0.9692) and potentially even higher. The suggested stop loss is 0.9520.
Support: 0.9600, 0.9540
Resistance: 0.9692
The material has been provided by InstaForex Company - www.instaforex.com