Tue, 09 Dec 2014 15:19:04 GMT
NZD/CAD 1H Chart: Channel Down
At the moment the NZD/CAD currency pair is testing strength of the pattern's resistance, which is located at 0.8808 and reinforced by the 100-hour SMA three pips above this level. However, it seems that bulls are preparing for the eventual breach this resistance. First of all, the pair has been hovering around this level for some period of time and