LeoPrime Daily Market Analysis

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NZDCAD reversed from support area; Likely to rise to resistance level 0.87000

NZDCAD currency pair today reversed up from the major support area lying between the multi-month support level 0.86300 (which has been reversing the pair October of 2020, as can be seen from the daily NZDCAD chart below) and the lower daily Bollinger Band. NZDCAD currency pair can be expected to rise further toward the next resistance level 0.8700 (which has been steadily reversing the price from the start of June). Powerful support remains at the support level 0.86300.

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