The counter NZDCAD forms a peculiar chart pattern, the head and shoulder formation from 26th February. The high at the price of 0.9328 forms the head and the two lower highs around the price of 0.9255 form shoulders. The neckline is the core of this pattern at the price of 0.9204. This pattern is very supportive of the . Yesterday the counter broke the neckline of the head and shoulder. Therefore the price is expected to move downwards and the is expected to continue further. The curves of the indicator give additional support to the description.
The major levels for this counter are