NZD/CAD breaks major support 0.8920, decline till 0.8750 is possible

• Major resistance 0.9020
   
• Major support -0.8920 (resistance turned into support)
   
• The pair has broken major support 0.8920 and declined till 0.8874.It is currently trading around 0.88959.
   
• 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 0.8900-0.8905 with SL around 0.8960 for the TP of 0.8850/0.8755.