NZD/CAD chart on Trading View used for analysis
- NZD/CAD trades 0.45% lower at the time of writing, at 0.8999 levels.
- The pair is extending weakness with 'Gravestone Doji' formation at highs on Wednesday's trade.
- Kiwi sell-off across the board is knocking the pair lower.
- We also find that the momentum indicators on daily charts are at overbought levels.
- Some unwinding likely. Pair eyes 200-DMA at 0.8930. Breach there could see dip till 20-DMA at 0.8844.
- Major trend remains bullish. Failure to break below 200-DMA will see resumption of upside.
Support levels - 0.8930 (200-DMA), 0.8844 (20-DMA), 0.8816 (23.6% Fib)
Resistance levels - 0.9024 (5-DMA), 0.91 (Nov 21 high)
Recommendation: Good to go short on upticks, SL: 1.9030, TP: 0.8930/ 0.89/ 0.8844
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
FxWirePro: GBP/NZD remains bullish as rally continues
Bank of America Posts Strong Q4 2024 Results, Shares Rise
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000?
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
FxWirePro- Woodies Pivot(Major)
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level
Wall Street Analysts Weigh in on Latest NFP Data
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
European Stocks Rally on Chinese Growth and Mining Merger Speculation
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
FxWirePro- Major Crypto levels and bias summary 



