Technical analysis of NZD/CAD for October 7, 2016

NZD/CAD seems to find a resistance near 38.2% Fibs (0.9464) but hasn't tested yet any of the downside targets.

Consider holding NZD/CAD shorts from 0.9500 to target either 23.6% (0.9410) or 0% Fibs (0.9327). The stop loss can be moved lower, just above the 50% Fibs level (0.9506).

Support: 0.9411, 0.9327

Resistance: 0.9464, 0.9506, 0.9548

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