Comdoll Special With NZD/CAD

NZD/CAD is finding support around the .8610 levels which isn’t surprising since the area lines up with a previous resistance and the 200 SMA on the daily time frame.

Can the bulls extend Kiwi’s bullish swing against the Loonie? Buying at current levels is a good idea if you think that NZD/CAD’s uptrend still has juice.

If you’d rather short NZD against CAD, however, then you might want to wait until NZD/CAD trades comfortably back below the 200 SMA before you make any move.

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