The NZDCAD is just pips away from the November low at 7717. The longer term trendline is of interest below there at 7555 this week (increases about 7 pips per week), which intersects with lows in April 2011. Expect a bounce from these levels if reached. The downside is favored against 7895 and resistance is 7775/95. The AUDCAD has already broken below its long term trendline and immediate focus is on the August 2011 low at 9915 (then the March 2011 low at 9606). Price has stabilized the last 2 days but the shallow bounce is viewed as nothing more than consolidation. 10040/60 is resistance and the downside is favored ... (full story)