Wed, 24 Sep 2014 08:25:59 GMT
NZD/CAD 1H Chart: Falling Wedge
The NZD/CAD cross has been on a down-trend since the middle of July, when the pair failed to reach the 0.95 level; however, just recently it formed a downward-sloping channel.
At the moment, the pair is trading near the upper trend-line around 0.8960 and since this is a reversal pattern then a bullish break-out is more likely. Also around current trading