NZD/CAD Up 10 Pips On Hourly Chart, Makes Big Move Relative to Past Two Months; Moves Up For the 2nd Consecutive Day

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Hourly Update (Last Updated February 22, 2021 1:51 GMT) Currently, NZDCAD’s rate is up 10 pips (0.11%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as NZDCAD has now gone up 8 of the past 10 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. Of note is that the 200 hour changed directions on NZDCAD; it is now pointing up. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200…

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