NZDCAD seems to be losing steam. On this 1HR chart, you can see that our oscillators are showing bearish divergences along with the MACD crossed over.
You can also see that volume is low as price was going up. And on the 4HR chart, price had been rejecting the 0.90800 price area.
You can also see on the 4HR chart that this price level is quite significant as this price area is where this pair usually reverses at.
If price can't break and close above our resistance line then I believe a short to 0.90600 - 0.90500 support level is ideal with 0.90300 - 090200 price level as our second target.
You can also see that volume is low as price was going up. And on the 4HR chart, price had been rejecting the 0.90800 price area.
You can also see on the 4HR chart that this price level is quite significant as this price area is where this pair usually reverses at.
If price can't break and close above our resistance line then I believe a short to 0.90600 - 0.90500 support level is ideal with 0.90300 - 090200 price level as our second target.