The NZD/CAD is trading well below the 200 (red) and 100 (blue) MA's, in fact we've recently had a bearish MA crossover, this coupled with it trading under the kumo should be enough to classify it as in bearish mode. For the last couple of weeks, the pair has pulled back and is now trading around the 0.900 handle, we're looking for bearish candles at fib and cloud resistance, coupled with a stochastic cross-back from overbought in order to enter the market, targeting the 0.86 handle.
