- NZD/CAD attempts to break above 100-DMA have been rejected at multiple occasions since June 5th trade.
- Price has now broken below strong support at 55-EMA which has opened up downside for the pair.
- Technical indicators have also turned bearish. RSI below 50 levels, bias lower.
- Stochs are sharply lower and MACD is on verge of a bearish crossover on signal line.
- Next immediate support lies at 0.9058 (38.2% Fib). Break below could see weakness till cloud base.
- On the upside, 5-DMA at 0.9133 is immediate resistance. Break above 100-DMA needed for meaningful gains.
Support levels - 0.9058 (38.2% Fib), 0.9006 (50% Fib), 0.8955 (61.8% Fib and cloud base)
Resistance levels - 0.9094 (55-EMA), 0.9131 (5-DMA), 0.9173 (100-DMA)
Recommendation: Good to go short on close below 55-EMA, SL: 0.9175, TP: 0.9060/ 0.90/ 0.8955
FxWirePro Currency Strength Index: FxWirePro's Hourly NZD Spot Index was at -76.3128 (Neutral), while Hourly CAD Spot Index was at 64.2408 (Neutral) at 1000 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: NZD/USD turns lower as USD regains footing
FxWirePro- Major Pair levels and bias summary
Chart of the Day: BTC Double Bottom Ignites — Buy Above $64,050 for $67K–$70K Blast-Off
FxWirePro: USD/ZAR gains as weak SA Manufacturing data hits rand
FxWirePro: USD/JPY gains capped as intervention fears keep traders on edge
FxWirePro: GBP/USD slips as dollar rebounds from six-week low
FxWirePro: GBP/NZD downside pressure builds, key support level in focus
FxWirePro:EUR/NZD downtrend Intact, eyes 1.9500 level
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD downtrend extends, remains on bearish path
Gold Retreats as Geopolitical Fears Ease: Bears Target $4,000 Support
EUR/USD Retraces After 1.1555 Peak: Technical Levels Point to 1.1600
NZDJPY Bears Stay in Control After Sell-Off — Sell Rallies at 93 Targeting 90 as All EMAs Align Bearish
Currency Scores of Major Pairs: GBPUSD, AUDUSD & NZDUSD Top Charts at 85 — Bullish Pairs to Watch
FxWirePro : EUR/NZD outlook weaker on renewed downside pressure
FxWirePro: AUD/USD firms after upbeat consumer spending data 



