NZDCAD - Downtrend is broken, it's time to take long position

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NZDCAD has bounced from an import support level. So, we will be following the new uptrend line. TP will be within Fibo 61.8% level. One more thing to mention, AUD is stronger than CAD, AUDCAD has broken the ascending triangle and has formed a new uptrend, next NZD is stronger than AUD because AUDNZD is getting a pullback from major resistance level (on higher timeframe). So, ultimately NZD is stronger than CAD. We can think like this: NZD > AUD > CAD.

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