Unless the downward channel prevails, there may soon be a bounce off the bull trend line that would coincide with the switchback rebound off the old bear trend line. The stop below the lows to the left. Both the NZD and the CAD are in a condition quite conducive to a long position here. The weakest link here is the NZD's recent feebleness, so it's advisable to act only upon some sign of strength.