NZDCAD Technical Analysis: Weekly Chart

In the weekly charts, NZDCAD was trading in a down channel. NZDCAD is currently trading below all SMA.

RSI is in oversold zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 0.8178 & the resistance level is at 0.8339.

NZDCAD was trading in the down channel before there is breakout downside.

NZDCAD Technical Analysis: Daily Chart

In the daily charts, NZDCAD is trading in a down channel. NZDCAD is currently trading below SMA.

RSI is in selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 0.8165 & the resistance level is at 0.8217.

NZDCAD will trade in the down channel until there is trend reversal. 

How to Trade NZDCAD this Week:

NZDCAD will follow the downtrend until their trend reversal. So, remain bearish on NZDCAD.

TRADE SUGGESTION- SELL AT 0.8189, TAKE PROFIT AT 0.8165 AND STOP LOSS AT 0.8217