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Add as a preferred source on Google FxWirePro: NZD/CAD breaks major support at 0.9275, good to go short on rallies NZD/CAD has breached major trendline support at 0.9275, intraday bias is lower. Technicals on 4-hourly charts support downside, Stochs have rolled over from overbought zone and RSI is biased lower. Immediate support is s…
By FxWire Pro Jul 5, 2016, 7:06 AM UTC
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NZD/CAD has breached major trendline support at 0.9275, intraday bias is lower.
Technicals on 4-hourly charts support downside, Stochs have rolled over from overbought zone and RSI is biased lower.
Immediate support is seen at 0.9252 (4H 20-SMA), break below will see test of next support at 0.9215 (trendline).
Resistance on the upside is located at 0.9275 (rising trendline) ahead of 0.9294 (session high).
Recommendation: Good to sell rallies around 0.9265/70, SL: 0.93, TP: 0.9215/ 0.92
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