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yin888

NZDCAD: Dropped below support, bearish view

Short
New Zealand Dollar/Canadian Dollar (FX:NZDCAD)  
yin888 Updated   
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Trend Analysis Support and Resistance
3
0
trendanalysis supportandresistance
NZDCAD broke below support level and has in turn created a bearish view now as compared to the previous analysis done for this pair (linked). I'm looking for a pullback to 0.9170 where it's a good area to short it with 0.90 as a target. 200 MA acting as a dynamic support level too.
Comment:
Price is fast approaching support area. However, there wasn't a pullback to sell. More downside looms if this pairs breaks below support (0.90) mentioned with previous swing low around 0.8650 an important level.

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