NZDCAD on the daily chart closed yesterday under the local area near 0.9286. Earlier, however, the trend line / channel support from May 2017 was broken.Therefore, it seems that currently the bears control this market. However, one should remain careful, because the breaking of the support was insignificant.
In the case of continuation of declines, the nearest target may now be a support zone in the vicinity of 0.9170 – 0.9200. Another key support can be found near 0.9035.Alternatively, breaking the maximum from the current week and returning to the channel formation will put in question the short-term bearish bias on this pair.

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