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- Potential Reversal Zone (PRPZ)- 0.8775
- NZD/CAD has slightly retreated after making a high of 0.88338 level .It is currently trading around 0.87860.
- The pair’s major intraday resistance is around 0.8810 (7 day 4H EMA) and break above targets 0.8838/0.8865/0.8905 in short term.
- The pair should close above 0.9000 for further bullishness.
- On the lower side the pair should break below 0.8750 for major trend reversal. Any break below 0.8750 will drag the pair down till 0.8700/0.8670/0.8650.
It is good to sell below 0.8775 with SL around 0.8838 for the TP of 0.8670/0.8650
