As per my previous analysis, NZD/CAD continued moving lower breaking below the 0.8730 support. After the breakout, price corrected down and retested the R1 resistance (previous support) level.
This correction might present more sell opportunities around R1, therefore consider holding your short positions or getting into a short trade while the price is near R1 targeting the S1 (0.8635) support level. The stop loss should be well above R1.
Support: 0.8635
Resistance: 0.8730, 0.8820
