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2427.480
23.359%
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79.704
1.986%
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1.0859
1.6618%
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5314.17
0.10%
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39823.34
0.40%
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18690.19
0.65%
The NZDCAD tests the resistance – Forecast today – 10-5-2024
Economies.com
2024-05-10 07:11AM UTC
NZDCAD Price Analysis
1. Expected Scenario
- NZDCAD price faces strong positive pressures from recent stochastic rally.
- Correctional bullish rebound tests 0.8256 resistance again.
- Scenario depends on strength of resistance.
- Expectation of forming strong negative waves if resistance holds.
- Targets at 0.8205 and 0.8172 levels if resistance holds.
- Breaching resistance confirms move to bullish track, targeting 0.8290 and 0.8345.
2. Expected Trading Range
- Anticipated trading range today: Between 0.8255 support and 0.8205 resistance.
Trend Forecast: Bearish