NZD/CAD short term outlook

NZD/CAD short term outlook

• NZD/CAD has formed a triple bottom around 0.9200 and any short term weakness can be seen only below that level.
  
  
• On the downside break below 0.9200 will take the pair to 0.9110 /0.89950 in short term.
  
  
• The pair's minor resistance is around 0.9300 and break above will target 0.9440/0.94780.

Indicators (4 Hour chart)

CCI (50) - Sell

CCI (14) - Buy

Ichimoku- Neutral

Recommendation: Buy NZD/CAD around 0.9275-80, SL 0.9190, Targets 0.9440/0.9470.