Thursday, October 15, 2026

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FxWirePro: NZD/CAD breaks major support at 0.9290, near-term bias bearish

NZD/CAD has breached major trendline support at 0.9290. Near-trem bias is bearish. The pair is currently holding above minor support at 0.9211 (July 1st lows). Downside to resume on break below. Techs on daily charts are…

By FxWire Pro
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FxWirePro: NZD/CAD breaks major support at 0.9290, near-term bias bearish
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  • NZD/CAD has breached major trendline support at 0.9290. Near-trem bias is bearish.
     
  • The pair is currently holding above minor support at 0.9211 (July 1st lows). Downside to resume on break below.
     
  • Techs on daily charts are bearish. Stochs and RSI are biased south, a bearish MACD line crossover on signal line seen.
     
  • Supports on the downside are seen at 0.9211 (July 1st lows), 0.92 and then 0.9136 (June 28th low).
     
  • Resistance on the flipside is seen at 0.9275 (20-DMA), 0.93 and then at 0.9311 (trendline).
    ​

Recommendation: We recommend selling rallies around 0.9275, SL: 0.9315, TP: 0.92/0.9140
 

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