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NZD / CAD: Probably increase

NZD / CAD: Daily chart, upward movement and corection to 50% of Fibo

Price above 200MA and 50 Fibo

Price Action: pin bar (hammer) on 200MA

indicators:
50 / 200MA: 50 above 200 – positive trend
CCI (50) and DEM: spin from zone of over-sold market

SL: 0,91980

Alternative scenario: If the price crosses below 200MA is likely to see a new bearish momentum.

Jr_Trader_I_Ivanov

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