NZD/CAD Analysis 5-21-2014

The NZD/CAD analysis shows that this pair is forming a down trend on the W1 time frame. Current short term support level and price alarm point is 0.9325, below here look for a sell signal on the The Forex Heatmap®. Exact support level target is unknown but this pair has no nearby support below the alarm price. This could be a good short term sell for 1-3 days. The analysis done on the NZD/CAD below was performed with multiple time frames across individual currencies.

Forex Chart NZD/CAD W1 Tme Frame

 

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