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Add as a preferred source on Google FxWirePro:NZD/CAD faces strong resistance around 0.9020, good to sell on rallies Major resistance 0.9020 Major support -0.8850 The pair has recovered till 0.89699 after making a low of 0.8877. It is currently trading around 0.89455. Short term trend is weak as long as resistance 0.9020 holds. Any bre…
By FxWire Pro Apr 6, 2016, 5:24 AM UTC
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Major resistance 0.9020
Major support -0.8850
The pair has recovered till 0.89699 after making a low of 0.8877. It is currently trading around 0.89455.
Short term trend is weak as long as resistance 0.9020 holds.
Any break above 0.9020 will take the pair to next level 0.9060/0.9115.The minor resistance is around 0.8960.
On the lower side major support is around 0.8850 (Mar 28th low) and break below targets 0.8820/0.8750.The minor support is around 0.8870.
It is good to sell on rallies around 0.8965-70 with SL around 0.9020 for the TP of 0.8850/0.8755.
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