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Short

NZD/CAD breaks major support at 0.9275, good to short rallies

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
95 0 3
NZD/CAD has breached major trendline support at 0.9275, intraday bias is lower.

Technicals on 4-hourly charts support downside, Stochs have iolled over from overbought zone and RSI is biased lower.

Immediate support is seen at 0.9252 (4H 20-SMA), break below will see test of next support at 0.9215 ( trendline ).

Resistance on the upside is located at 0.9275 (rising trendline ) ahead of 0.9294 (session high).

Good to sell rallies around 0.9265/70, SL: 0.93, TP: 0.9215/ 0.92
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