NZDCAD been moving downward in an descending channel, a big and long one. Currently, price has reached the lower band of this channel. There is s possibility of a huge upward movement. First, the lower band should support and hold the price. Let's see what happens.
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Be careful, if you want to go long on NZDCAD, first wait until the price reaches above the green line. Otherwise, price can goes down even further.
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So, NZDCAD made a reversal and price came above the green line and reached its previous lowest low now acting as a resistance. If NZDCAD wants to go further up, first have to breaks this area. Let's see what happens.