Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: NZD/CAD breaks major support at 0.9275, good to go short on rallies

  • NZD/CAD has breached major trendline support at 0.9275, intraday bias is lower.
     
  • Technicals on 4-hourly charts support downside, Stochs have rolled over from overbought zone and RSI is biased lower.
     
  • Immediate support is seen at 0.9252 (4H 20-SMA), break below will see test of next support at 0.9215 (trendline).
     
  • Resistance on the upside is located at 0.9275 (rising trendline) ahead of 0.9294 (session high).

Recommendation: Good to sell rallies around 0.9265/70, SL: 0.93, TP: 0.9215/ 0.92
 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.