NZDCAD is testing the middle line of the uptrend channel. The middle line 0.9060 and the 0.90 levels may support the price for a reversal to the upside as it happened in December. This may lead to over 0.92 pricing in the coming weeks.
For downward moves, below 0.90, a possible uptrend (shown in green) 0.8890 and the lower line of the channel may become possible targets for NZDCAD.
