- NZD/CAD has held major support by 100-DMA at 0.9462 on Wednesday's trade.
- The pair is trading 0.29% higher on the day at around 06:00 GMT, we see further weakness only on break below 100-DMA.
- Our previous call (http://www.econotimes.com/FxWirePro-Possible-Bullish-Cypher-on-NZD-CAD-daily-charts-good-to-sell-rallies-401519) has achieved all targets.
- Major support levels - 0.9468 (Weekly 20-MA), 0.9462 (100-DMA), 0.9416 (Oct 6th low)
- Major resistance levels - 0.9570 (5-DMA), 0.96, 0.9642 (20-DMA)
- Techs are inconclusive at this time, we will wait for clear direction.
FxWirePro's Hourly NZD Spot Index was at 11.4277 (Neutral), while Hourly CAD Spot Index was at 120.621 (Highly bullish) at 0620 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
