FxWirePro: NZD/CAD Forms Bullish Bat Pattern, Good to Buy at Dips
- Pattern Formed- Bullish Bat Pattern
- Potential Reversal Zone (PRPZ)- 0.8780
- NZD/CAD has slightly recovered after making a low of 0.8800 level .It is currently trading around 0.88125.
- The pair’s major intraday resistance is around 0.8838 (7 day 4H EMA) and break above targets 0.8865/0.8905 in short term.
- The pair should close above 0.9000 for further bullishness.
- On the lower side the pair should break below 0.8750 for major trend reversal . Any break below 0.8750 will drag the pair down till 0.8700/0.8670.