Our pivot point is at 0.8220.
Our preference: the upside prevails as long as 0.8220 is support
Alternative scenario: below 0.8220, expect 0.8194 and 0.8179.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.8237 and 0.8221). Finally, the NZD/CAD is trading above its upper Bollinger band (standing at 0.8253).
Supports and resistances:
0.8334 **
0.8319 *
0.8304 **
0.8288
0.8254 last
0.8230
0.8220 **
0.8194 *
0.8179 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 06-02-2025 at 16:33 UTC+1
Price reference: 0.8254 last known on 06-02-2025 at 16:33 UTC+1
Investment horizon: INTRADAY
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