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- NZD/CAD has breached major trendline support at 0.9290. Near-trem bias is bearish.
- The pair is currently holding above minor support at 0.9211 (July 1st lows). Downside to resume on break below.
- Techs on daily charts are bearish. Stochs and RSI are biased south, a bearish MACD line crossover on signal line seen.
- Supports on the downside are seen at 0.9211 (July 1st lows), 0.92 and then 0.9136 (June 28th low).
- Resistance on the flipside is seen at 0.9275 (20-DMA), 0.93 and then at 0.9311 (trendline).
Recommendation: We recommend selling rallies around 0.9275, SL: 0.9315, TP: 0.92/0.9140
