NZD/CAD found the resistance near 0.9505 and rejected 50 Moving average after which continued moving lower as projected in the previous analysis. Currently, NZD/CAD is trading near 50MA which is being rejected. Pair yet to test one of the Fibs target either at 23.6% (0.9411) or 0% Fibs (0.9327)
Consider holding short positions from 0.9505 with stop loss moved to the breakeven level.
Support: 0.9464, 0.9411, 0.9327
Resistance: 0.9506, 0.9550
From www.instaforex.com http://ift.tt/2dAkX19
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