NZD/CAD faces strong support at 0.8775, break below targets 0.8670

• Potential Reversal Zone (PRPZ)- 0.8775
   
• NZD/CAD has slightly retreated after making a high of 0.88338 level .It is currently trading around 0.87860.
   
• The pair’s major intraday resistance is around 0.8810 (7 day 4H EMA) and break above targets 0.8838/0.8865/0.8905 in short term.
   
• The pair should close above 0.9000 for further bullishness.
   
• On the lower side the pair should break below 0.8750 for major trend reversal. Any break below 0.8750 will drag the pair down till 0.8700/0.8670/0.8650.

It is good to sell below 0.8775 with SL around 0.8838 for the TP of 0.8670/0.8650