NZDCAD: Dropped below support, bearish view

Apr 28, 2018

NZDCAD broke below support level and has in turn created a bearish view now as compared to the previous analysis done for this pair (linked). I'm looking for a pullback to 0.9170 where it's a good area to short it with 0.90 as a target. 200 MA acting as a dynamic support level too.

Apr 30, 2018

Note

Price is fast approaching support area. However, there wasn't a pullback to sell. More downside looms if this pairs breaks below support (0.90) mentioned with previous swing low around 0.8650 an important level.