Friday, October 16, 2026

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NZD/CAD faces strong resistance around 0.8705, break above targets 0.8750/0.8790

Potential Reversal Zone (PRZ) - 0.8705 Any break above 0.8705 will take the pair till 0.8725/8750 level. On the downside minor support is around 0.8680 and break below targets 0.8630/0.8600 level. The pair is consolidati…

By Lis Howell
1 min read
NZD/CAD faces strong resistance around 0.8705, break above targets 0.8750/0.8790
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Potential Reversal Zone (PRZ) - 0.8705

  • Any break above 0.8705 will take the pair till 0.8725/8750 level. On the downside minor support is around 0.8680 and break below targets 0.8630/0.8600 level.
     
  • The pair is consolidating between 0.8700-0.8670 for the past two trading session. It is currently trading at 0.8701.

It is good to buy only above 0.8705 with SL around 0.8670 for the TP of 0.8745/0.8790

 

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By FxWirePro Team