NZDCAD Posts Outside Day Reversal


Technical Outlook

  • NZDCAD posts outside-day reversal off long-term resistance confluence- bearish
  • Interim support at highlighted region into 8700- Break to mark larger correction lower
  • Subsequent support objectives at 8605 & 8535
  • Key resistance 8905/38 – bearish invalidation
  • Event Risk Ahead: Bank of Canada (BoC) Interest Rate Decision tomorrow, Retail Sales on Thursday and Canada Consumer Price Index (CPI) on Friday