NZD/CAD breaks trend line support, targets 0.8645

NZD/CAD has broken major trend line support 0.8750 (trend line joining 0.8480 and 0.8616) after diary prices has fallen for the first time in five months in GlobalDairyTrade platform.

Any break below 0.8750 will drag the pair further down till 0.8670/0.8647/0.8617.

On the higher side any break above 0.8760 will take the pair to next level around 0.8810/0.8850.

it is good to sell on rallies around 0.8730-40 with SL around 0.8780 for the TP of 0.8670/0.8645