Following an impulsive move to the downside last week, NZD-CAD has returned to 0.88000, the previous level of structure which was acting as support before the market broke to the downside.
If the level holds early next week it is possible that sellers may once again step in and attempt to drive the market lower with potential targets to around 0.86000 levels creating new lows.
If the level holds early next week it is possible that sellers may once again step in and attempt to drive the market lower with potential targets to around 0.86000 levels creating new lows.