- Major resistance- 0.9560 (Jan 25th high).
- Major support -0.9460 (Jan 26th low).
- NZD/CAD recovers slightly after making a low of 0.9460 on Jan26th 2017 low. It is currently trading around 0.95590.
- On the lower side, minor weakness can be seen below the 0.9460 level. Any break below 0.9460 will drag the pair till 0.9398/0.9370 (61.8% retracement of 0.9210 and 0.96284).
- The major resistance is around 0.9560 and any break above 0.9560 will take the 0.9630/0.9680.
It is good to buy above 0.9560 with SL around 0.9520 for the TP of 0.9630/0.9680.
Resistance
R1-0.9560
R2-0.9630
R3- 0.9700
Support
S1-0.9520
S2-0.9460
S3- 0.9398
