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.