NZDCAD 0.8507 Resistance is Critical



The fact that the currency pair, which is in the downward channel, is also below the minor uptrend, allows the downward movements to accelerate again. While 0.8507 resistance is critical in this sense, as long as we stay under this region, the progress may continue until the support of 0.8460 first and then 0.8420. However, if 0.8507 resistance is exceeded, 0.8546 resistance may come to the fore.