Thursday, October 15, 2026

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NZD/CAD breaks below ichimoku cloud, decline till 0.9000/0.8800 is possible

Major Support -0.9050 (Ichimoku Cloud) Major resistance - 0.9150 (55 day EMA) NZD/CAD has broken major support 0.9050 and declined till 0.9037. It is currently trading around 0.9070. Short term trend is still weak as lon…

By Lis Howell
1 min read
NZD/CAD breaks below ichimoku cloud, decline till 0.9000/0.8800 is possible
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  • Major Support -0.9050 (Ichimoku Cloud)
     
  • Major resistance - 0.9150 (55 day EMA)
     
  • NZD/CAD has broken major support 0.9050 and declined till 0.9037. It is currently trading around 0.9070.
     
  • Short term trend is still weak as long as resistance 0.9150 holds. Any break above 0.9150 will take the pair to next level 0.9205/0.9236.
     
  • On the downside major support is around 0.9035 and break below targets 0.9000/0.8800.

It is good to sell on rallies around 0.9075-80 with SL around 0.9150 for the TP of 0.9000/0.8800

 

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