NZDCAD Chart Technical Outlook 88.6% pullback level is located at 0.8386
Not a product that is on my watchlist. Looking at single-currency baskets there is a mild negative bias on the Canadian Dollar. This would suggest scope for more upside pressure in the cross.
The daily chart highlights a possible Bat formation. A common retracement level for the BC leg is 88.6% of the last decline. This level is located at 0.8386.
