The triangle formation which was broken upwards has reached its target. 0.9110 target level may start a downward correction to 0.90-0.8920 levels. RSI is holding above 70 for almost two weeks, this is supporting the correction odds. There is also a bullish trend forming, showed red dash line in charts. Given time, this trend line will meet with 0.8920 and that spot may fuel a bullish continuation after the possible correction..
If price not get a correction and breaks above 0.9110, NZDCAD may test more than one year old resistance level of 0.9250.
