From earlier posts, EUR/NZD and AUD/NZD Trade setups reached full targets, while Palladium stopped out.
Trade Setup: NZD/CAD Broke Resistance and Ready to Rise
The NZD/CAD has just completed a rounding bottom following the breakout above its neckline and key resistance at the 0.8495 area.
Meanwhile, the price has established a series of higher highs and higher lows since the mid-October low. And also taken its short to the medium-term falling trend line.
I am looking for further upside towards the next resistance at 0.8625 as a first target. Followed by the 200-day simple moving average also around the potential horizontal resistance at 0.8702.
Trade with care