The closest is the 20 day average, which is 58.3 pips away.
Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
Or to simplify this another way, note that out of the past 30 days nzd/cad’s price has gone up 16 them.
This imputes a buy/sell ratio of 3, which is bullish.
This imputes a buy/sell ratio of 0.42, which is bearish.
Relative to other instruments in the forex asset class, usd/nok ranked 26th the previous day in terms of percentage price change.
Our reliable forex analysis will provide you with expert advice about when to buy and sell the major currency pairs without costing you a penny….
The closest is the 20 day average, which is 26.9 pips away.
Buying in the area of 106,30 with a stop below 105,90 and a profit in the area of 107,20….
For additional context, note that price has gone up 20 out of the past 30 days.