Tue, 11 Mar 2014 16:26:19 GMT
NZD/CAD 1H Chart: Channel Up
For the past 70 hours NZD/CAD has been trading in a distinct up-trend, covering in the process 170 pips. However, it seems the rally proved to be unsustainable, as evidenced by a breach of the lower boundary of the channel at 0.9432. Consequently, the kiwi is now set to decline even further, through the daily pivots down to the tough