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NZD/CAD upside has been capped at 0.9226, and has edged lower to currently trade at 0.9140.
- Price action on the 4-hourly charts has dipped below the cloud and 5-DMA, momentum studies are bearish, support further downside.
- Strong support on the downside is located at 0.9080 (cloud base and Feb 19th low), breaks below could see next strong support 0.9065 (rising trendline).
- On the upside 10-DMA at 0.9157 is immediate resistance ahead of 0.9182 (Feb 2nd highs).
Recommendation: Good to sell rallies around 0.9150, Sl: 0.92, TP: 0.9080/0.9065/0.9045
