Thursday, October 15, 2026

Technicals

Add as a preferred source on Google

FxWirePro:NZD/CAD forms shooting star candlestick pattern , good to sell on rallies

Candle Stick Pattern- Shooting Star Major resistance 0.9060 The pair has made a high of 0.9560 yesterday and declined from that level. It is currently trading around 0.8966. Short term trend is weak as long as resistance…

By FxWire Pro
1 min read
FxWirePro:NZD/CAD forms shooting star candlestick pattern , good to sell on rallies
Image from the original EconoTimes article

Read the original article

  • Candle Stick Pattern- Shooting Star
     
  • Major resistance 0.9060
     
  • The pair has made a high of 0.9560 yesterday and declined from that level. It is currently trading around 0.8966.
     
  • Short term trend is weak as long as resistance 0.9060 holds.
     
  • Any break above 0.9060 will take the pair to next level 0.9115/0.9170.
     
  • On the lower side major support is around 0.8920 (resistance turned into support) and break below targets 0.8850/0.8820.

It is good to sell on rallies around 0.9000 with SL around 0.9060 for the TP of 0.8920/0.8850.

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team