NZDCAD currency pair recently reversed down from the key resistance level 0.82500 (which stopped the price at the start of June, as can be seen below), intersecting with the 61.8% Fibonacci correction of the downward impulse from May. The downward reversal from the resistance level 0.82500 continues the clear multi-month downtrend. Given the continuation of the CAD inflows, NZDCAD currency pair can be expected to fall further toward the next support level 0.80750 (the previous monthly low from May).
NZDCAD reversed from resistance level 0.82500; Likely to fall to support level 0.80750.
