The NZD/ CAD pair slipped slightly during Monday's trading with the start of the week's trading in light of the scarcity of economic data today as a result of the continued vacation of some global banks due to Easter, as we await on Wednesday the beginning of important data, including the Canadian interest decision and forecasts of 4.50% stability.

Technically: Pair trade inside a downward price channel on a daily frame bounce off this channel's upper limit

We expect the pair to continue their decline towards 0.8365 levels from which the pair could correct upwards before reaching key entry zones which are positioned near the lower limit of the price channel at and around 0.8250 levels and which is when the pair will also have re-tested a broken landing trend on the weekly frame.

Our targets will be 0.8360 levels as an initial target and then the upper limit of the channel at 0.8500 levels which once breached up the pair will be candidates to visit 0.8750 levels and then 0.9000

This scenario fails should the pair break channel levels down with Fibonacci 50 at 82.00 with a candle a day.

The next participant chart.

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