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