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 0.95430. On the lower side, minor …
NZD/CAD recovers slightly after making a low of 0.9460 on Jan26th 2017 low. It is currently trading around 0.95430.
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.
