NZD/CAD: sell target - 0.8300
By: Dima Chernovolov
- NZD/CAD approached support level 0.8400
- Next sell target - 0.8300
NZD/CAD has been falling sharply in the last few trading sessions – after breaking the support level 0.8700, which was set as the sell target in our previous forecast for this currency pair. The breakout of this support level intensified the bearish pressure on NZD/CAD – leading to the breakout of the next powerful support level 0.8600 – which further intensified the bearish pressure on this pair.
NZD/CAD is currently trading close to the support level 0.8400. If the price breaks this support level – it can then fall to the next support level 0.8300.