NZDCAD price trend remains bullish | IFCM Canada
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NZDCAD price trend remains bullish

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The NZDCAD, Daily price forecast in our technical analysis of October 23, 2020 was bullish.

  • Market data after NZDCAD, Daily technical analysis of October 23, 2020 continue to indicate bullish movement.
  1. NZDCAD, Daily surged 0.4% since 23 October 2020.
  2. NZDCAD exited a short-term downtrend and returned to an uptrend. The New Zealand dollar is strengthening on the back of rising grain futures and prices for agricultural products. The Canadian dollar is falling along with world oil prices.

Here's what the indicators show as of October 26, 2020:

  • The Parabolic indicator gives a bullish signal.
  • The Bollinger Channel gives a neutral signal.
  • The MACD indicator gives a bullish signal.
  • The RSI Oscillator gives a bullish signal.
  • Fractals give a neutral signal.
  • The MA (200) indicator gives a neutral signal.

Thus, the forecast for NZDCAD, Daily still remains bullish.

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