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Short

NZD/CAD hits 0.8887 (2-mth low), short below 0.8874 (dbl btm)

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
126 1 5
NZD/CAD has broken below strong trendline support at 0.9075 and hit fresh 2-month lows at 0.8887 in today's trade.

Next support for the pair lies at 0.8874 ( double bottom ), breaks below could see downside upto 0.8780 levels.

Techs point further downside, RSI and MACD are biased lower. Price action well below the cloud and we see a 5-DMA bearish crossover on 10-DMA.

Good to take fresh shorts only on breaks below 0.8874, SL: 0.8950, target: 0.8850/0.88/0.8730
Any updates on this pair sir ! ?
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