NZD/CAD short opportunity
NZD/CAD finds strong support at 110-EMA and cloud.
Break below will see drag till 38.2% Fib at 0.8914 ahead of 200-DMA at 0.8885.
Support levels - 0.9019 (110-EMA), 0.9010 (cloud base), 0.8914 (38.2% Fib)
Resistance levels - 0.9062 (200W SMA), 0.9075 (5-DMA and cloud top), 0.91
Watch out for break below 110-EMA to go short, SL: 0.9075, TP: 1.8915/ 1.8885
Break below will see drag till 38.2% Fib at 0.8914 ahead of 200-DMA at 0.8885.
Support levels - 0.9019 (110-EMA), 0.9010 (cloud base), 0.8914 (38.2% Fib)
Resistance levels - 0.9062 (200W SMA), 0.9075 (5-DMA and cloud top), 0.91
Watch out for break below 110-EMA to go short, SL: 0.9075, TP: 1.8915/ 1.8885
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