NZDCAD, H4
NZDCAD rebounded from the 0.8110 support and faced the 0.8150 resistance.
The price breached below the Bollinger Band and retreated, while the RSI left the oversold zone.
- Consider a long trade on NZDCAD on a break above the 0.8150 resistance with the targets at 0.8200 and the 0.8240 resistance.
Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.
Author: Timur Yurdagyul
