NZD/CAD Short (Medium) Technical
NZD has been trading lower since it broke trend line (support) on the 1st of December. The market also broke the support at 0.9300 thus making new lows. This has led to a rally to the upside which then again stopped inside the 50% and the 61.8% Fibonacci retracements. This also coincides with previous market resistance level at 0.96200.