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Short

Possible "Bullish Cypher" on NZD/CAD, good to short rallies

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
213 0 4
Possible "Bullish Cypher" pattern formation seen on NZD/CAD daily charts .

The pair has slipped below 20-DMA at 0.9643, intraday bias lower.

Technical studies support downside, RSI and Stochs are biased lower.

Major support levels - 0.96, 0.9568 (50-DMA), 0.95, 0.9460 (100-DMA & Sept 23 low)

Major resistance levels - 0.9643 (20-DMA), 0.9673 (5-DMA), 0.97, 0.9735 (Sept 20 high)

Good to sell rallies around 0.9640, SL: 0.9680, TP: 0.96/ 0.9570/ 0.95
Comment: TP1&2 hit, bias lower.
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