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

Monday, February 1, 2016 8:10 AM UTC

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

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