NZDCAD: Profits Reserved for Traders- Alert.

FX:NZDCAD   New Zealand Dollar/Canadian Dollar

Despite bouncing off the 0.8915-05 support zone , the NZDCAD still needs to overcome the 0.9075-85 horizontal resistance to extend its recent upside to 0.9170 and then to 0.9255 numbers to the north. If prices manage to cross the aforementioned hurdles on a daily basis, the round figure of 0.9300 may offer an intermediate stop to its rally for the area of 0.9395-0.9400. If the pair does not exceed 0.9085 barrier, 0.9000 and 0.8930 are likely to gain market attention before highlighting the 0.8915-05 zone one more time. During the extended downturn of the pair after 0.8905, 0.8875 and 0.8825 could be the favorite sellers.

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