NZDCAD Daily Analysis 2/23/20
NZDCAD Neutral idea
NCAD has been very bearish as expected from previous analysis. We finally reached our weekly support around 0.84000
From this level we are waiting on confirmation before making our next move
We could see price action bounce from this level and start retracing. A good short term target would be 0.85000. Look for confirmation at this level
Or
We could see bearish momentum continue and look for price action to fall below our major support zone
NCAD has been very bearish as expected from previous analysis. We finally reached our weekly support around 0.84000
From this level we are waiting on confirmation before making our next move
We could see price action bounce from this level and start retracing. A good short term target would be 0.85000. Look for confirmation at this level
Or
We could see bearish momentum continue and look for price action to fall below our major support zone
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