FXWIREPRO: NZD/CAD Forms Bullish Bat , Good to Buy at Dips

FXWIREPRO: NZD/CAD Forms Bullish Bat , Good to Buy at Dips

13 April 2016, 08:08
Roberto Jacobs
0
5

FXWIREPRO: NZD/CAD Forms Bullish Bat , Good to Buy at Dips

  • Harmonic Pattern FormedBullish Bat pattern 
  • Potential Reversal Zone (PRZ) – 0.8750 
  • The pair has recovered after making a low of 0.88140. It is currently trading around 0.8855. 
  • Intraday trend is slightly bullish as long as support 0.8750 holds. 
  • The pair’s minor resistance is around 0.8925 and any break above0.8925 will take the pair to next level 0.8970/0.9020/0.9060. 
  • On the lower side major support is around 0.8750 (Mar 23rd low) and break below targets confirms minor trend reversal a decline till 0.8700/0.8670 is possible.

It is good to buy at dips around 0.8825 with SL around 0.8750 for the TP of 0.8925/0.8970.

The material has been provided by InstaForex Company - www.instaforex.com



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