NZD/CAD forms shooting star , good to sell on rallies
Candle Stick Pattern- Shooting Star
Major resistance 0.9060
The pair has made a high of 0.9560 yesterday and declined from that level. It is currently trading around 0.8966.
Short term trend is weak as long as resistance 0.9060 holds.
Any break above 0.9060 will take the pair to next level 0.9115/0.9170.
On the lower side major support is around 0.8920 (resistance turned into support) and break below targets 0.8850/0.8820.
It is good to sell on rallies around 0.9000 with SL around 0.9060 for the TP of 0.8920/0.8850.
Major resistance 0.9060
The pair has made a high of 0.9560 yesterday and declined from that level. It is currently trading around 0.8966.
Short term trend is weak as long as resistance 0.9060 holds.
Any break above 0.9060 will take the pair to next level 0.9115/0.9170.
On the lower side major support is around 0.8920 (resistance turned into support) and break below targets 0.8850/0.8820.
It is good to sell on rallies around 0.9000 with SL around 0.9060 for the TP of 0.8920/0.8850.