NZD/CAD W1 Time Frame 6-11-2015

The NZD/CAD is trending down on the W1 time frame, shown on the chart below. This trend still has considerable potential. Current support level is at 0.8600, traders can set a price alert here. When the price alert hits check The Forex Heatmap® to verify any sell trades. The next major support level is around 0.8200, which is 400 pips below the alert price. Currently the New Zealand Dollar (NZD)  is weak on all pairs, and New Zealand lowered interest rates today, which should support more selling. This analysis of the NZD/CAD was done with multiple time frame analysis.

NZD/CAD W1 Time Frame

NZD/CAD W1 Time Frame

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