The NZDCAD pair faced strong negative pressures recently, which pushed it to form frequent negative waves and settle below the bearish channel’s resistance at 0.8480, to confirm its stability within the bearish track again.
These factors along with stochastic additional negative momentum signals allow us to expect forming new negative attack, to move towards 0.8365 followed by attempting to reach the first main target at 0.8280.
The expected trading range for today is between 0.8500 and 0.8365
The expected trend for today: Bearish