FxWirePro: NZD/CAD finds strong support at 0.9255, sell breakout below

• US Dollar firmer ahead of FOMC, which is not supportive for commodities and hence commodity currencies.
   
• The Fed is expected to keep its rates unchanged at today’s meeting, while a more constructive tone is seen from the statement.
   
• The pair is down 0.21% on the day, finds strong support at 0.9255 levels.
   
• Break below could accentuate weakness, test of 0.9145 levels then likely.
   
• 7-DMA at 0.9298 is immediate resistance on the upside, break above will see further gains to 0.9340 levels.
   
• Techs on 4H charts support downside, RSI and Stochs biased lower.
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Recommendation: Good to sell rallies breakout below 0.9255, SL: 0.93, TP: 0.92/ 0.9150