Today in forex trading the NZD/CAD had a strong buy signal and movement to the upside. The live buy signal from The Forex Heatmap® is shown below in the images, along with the strong intraday price movement. The NZD (New Zealand Dollar) was strong on all pairs today, driving a lot of movement on the pairs in this currency group. This pair is ranging on the smaller time frames, and it should continue up to the 0.8750 resistance area.
Check the intraday movement cycles in the chart below. Today’s movements were strong but the NZD/CAD pair is not in an uptrend on the higher time frames, it is ranging, so we are setting the 0.8750 resistance price target. The signals you see below from the heatmap work very well for profitable trade entries across 28 pairs, including 7 major pairs, and 21 lower spread exotic currency pairs like the NZD/CAD.