NZDCAD_e is currently rallying around 0.87679. On the 1 Hour Chart , the previous candle closed above the previous 52 Period Exponential Moving Average.
This is a possible Indication that we are in an active up trend . NZDCAD_e is currently in a range, not going above the previous day's highest high 0.8797,or the previous day's lowest low 0.87288. If the price breaks above 0.8797 then we will consider a long term buy with our target at 0.84046. And on the flipside, a sustained move below 0.8797 will attract sellers with an ideal target around 0.80119.
courtesy of freshforex