NZD/USD extends downside following NZ PM cited downside risks to the economy due to China's coronavirus.
In Asia session the Kiwi moved back into an area of support for which bulls will be looking for a test of the supply commitments from the bears, with a target of the 0.65.
Fibonacci Projection showing price action for managing profits & not for entries or reversals.
USDCAD has found strong support area near the penetrated descending trend line and the 38.2%
In the short-term, the outlook seems to turn slightly bullish after the jump towards the 1.3325 resistance and the momentum indicators are holding in bullish area.
Fresh risk aversion, weak fundamentals elsewhere add strength to the US dollar.
The selling interest around the single currency is looking to gather steam amid reports stating a rise in the number of coronavirus cases
C WAVE INDICATOR showing signs of weakness on a Daily Timeframe
