On the daily, NZDCAD made a large retracement to the upside within the last month and it seems as if it is now time for the continuation of the trend to the downside. Using Fibonacci, we can clearly see price overreacting to the 61.8% level by leaving a large wick which is a good indicator that price may start going south. I expect this to last around 2 months and a half if fundamentals allow the pair to run its natural course.