NZDCAD: Bullish Divergence at Support Zone

I don't like this buy opportunity too much if we use the daily timeframe as well. But based on the 4H we have a very interesting buy signal.

The price bounces from the support zone, which is formed by 0.86250 support and SMA200. RSI confirms the price reversal, and the same goes about MACD histogram. We have a good buy signal based on a bullish divergence.

It is possible to buy based on a breakout above the local downtrend line with stop orders below the local swing low. Profit targets should be at the resistance lines and levels. If you decide to take part in a risky buy opportunity, don't forget about proper risk and money management.