FX.co ★ clare.morissette | NZDCAD

As of today, the NZD/CAD currency pair continues to move within a descending channel, which indicates that sellers still maintain control. After an attempt to hold above the 0.82 level, a decline began. I expect that in the near future the price of the pair will move roughly in the range from 0.8210 to 0.8170. At the current moment, the 0.8210 level is the nearest support; if the price manages to break below this level, it may become one of the first signals that a move toward 0.8170 is likely to begin, although a pullback is also possible. However, it is important to note that the price is now above this point, so the priority movement remains bearish.