NZD/CAD breaks trend line support on weak diary price, decline till 0.8645 is possible

NZD/CAD has broken major trend line support 0.8750 (trend line joining 0.8480 and 0.8616) after diary prices has fallen for the first time in five months in GlobalDairyTrade platform.

• Any break below 0.8750 will drag the pair further down till 0.8670/0.8647/0.8617.
   
• On the higher side any break above 0.8760 will take the pair to next level around 0.8810/0.8850.

It is good to sell on rallies around 0.8730-40 with SL around 0.8780 for the TP of 0.8670/0.8645