The NZD/CAD pair is now clearly moving in the downtrend. Looking at the 4-hour chart, we conclude that the pair is going to make a lower low and higher low. To confirm the steady downtrend, the price must go up first to the 0.8482-0.8502 area before this pair moves back down again to 0.8426. As long as the price does not break out and closes above 0.8628, NZD/CAD is still trading under bearish conditions.