NZD/CAD breaks major support 0.8920, targets 0.8750
Major resistance 0.9020
Major support -0.8920 (resistance turned into support)
The pair has broken major support 0.8920 and declined till 0.8874.It is currently trading around 0.88959.
Short term trend is weak as long as resistance 0.9020 holds.
Any break above 0.9020 will take the pair to next level 0.9060/0.9115.The minor resistance is around 0.8960.
On the lower side major support is around 0.8850 (Mar 28th low) and break below targets 0.8820/0.8750.The minor support is around 0.8870.
It is good to sell on rallies around 0.8900-0.8905 with SL around 0.8960 for the TP of 0.8850/0.8755.
Major support -0.8920 (resistance turned into support)
The pair has broken major support 0.8920 and declined till 0.8874.It is currently trading around 0.88959.
Short term trend is weak as long as resistance 0.9020 holds.
Any break above 0.9020 will take the pair to next level 0.9060/0.9115.The minor resistance is around 0.8960.
On the lower side major support is around 0.8850 (Mar 28th low) and break below targets 0.8820/0.8750.The minor support is around 0.8870.
It is good to sell on rallies around 0.8900-0.8905 with SL around 0.8960 for the TP of 0.8850/0.8755.