NZDCAD Potential downsides

24 May 2023

Hey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.83800 zone, NZDCAD is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.83800 support and resistance zone. I would also keep an eye on the stock market to confirm the bias as NZDCAD has a positive correlation with indices.
Trade safe, Joe.