FXWIREPRO: NZD/CAD Faces Strong Support Around 0.8850, Good to Sell on Rallies

FXWIREPRO: NZD/CAD Faces Strong Support Around 0.8850, Good to Sell on Rallies

• Major resistance 0.9020 
• Major support -0.8850 
• The pair has retreated after making a high of 0.89605. It is currently trading around 0.89191. 
• Intraday trend is  weak as long as resistance 0.8970 holds. 
• Any break above0.8970 will take the pair to next level 0.9020/0.9060. 
• On the lower side major support is around 0.8850 (Mar 28th low) and break below targets 0.8820/0.8750.The minor support is around 0.8870.
  

It is good to sell on rallies around 0.8925-30 with SL around 0.8970 for the TP of 0.8850/0.8755.

The material has been provided by InstaForex Company - www.instaforex.com