The NZD/CAD currency pair has recently experienced significant negative pressure, resulting in multiple bearish waves and a break below the 0.8145 level, which represents the neckline of the double top pattern. This breakdown has led to further losses, with the price reaching 0.8090.
The continued stability below the neckline and the persistent negative momentum from key indicators suggest that the pair is likely to form additional bearish waves. The next key targets are 0.8075, followed by a move towards the support level at 0.8035.
Expected Trading Range:
Support: 0.8075
Resistance: 0.8140
Trend Forecast: Bearish
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