NZD/CAD Technical analysis

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
The pair plunged from the top with a great momentum.
Now, it has hit the brick wall which has been its long-term support zone .
And as expected, it has bounced back sharply too and in the due process it has broken the bearish trendline .
Hence, a profit booking rally seems imminent. So, traders can buy on the short-term pullback (dips) and expect a rally to the resistances at 0.89882 and 0.90297.


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