On daily chart of NZDCAD we spot that the pair on Friday drawn large size pinbar pointing to potential strengthening. Also place in which it was created was not random because it tested the support area between 0.9276 – 0.9297.
This week also started with strong momentum and Monday’s session closed above resistance at 0.9375. In addition yesterday’s candle also points to potential growth which we are witnessing today. It is worth watching how the day of NZDCAD will close today. If the closure will take place above the resistance at 0.9375 it may turn out that the price will attack the current week’s peak. Once it is defeated, another target for gains may be resistance at 0.9940.