NZD/CAD may rise to 0.8401 - 0.8487.

NZD/CAD may rise to 0.8401 - 0.8487.

Our pivot point is at 0.8083.

Our preference : As long as 0.8083 is support look for 0.8487 Alternative scenario Below 0.8083, expect 0.7940 and 0.7855.

Comment : The RSI is above its neutrality area at 50.

The MACD is below its signal line and positive.

The price could retrace.

Moreover, the price is above its 20 and 50 period moving average (respectively at 0.8176 and 0.8052).