NZD/CAD: Bearish consolidation still in play? for OANDA:NZDCAD by TheAnonymousBanker

NZD/CAD: Bearish consolidation still in play?

From a technical point of view, NZD/CAD pair could be attractive in near term. If we look at 2H chart we see the main trend is still bullish, but at the same time the potentially corrective structure may not be over yet. If this analysis is correct, our idea is to sell the pair on all technical rebounds on intraday chart. Target at 0.8150 and 0.8120.

Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖
Cheers!
N.B.: Updates will follow below

Note

Note

Trend is still bullish on daily chart.

Note

Bullish weekly close for the pair ending Friday's session above our support level.

Note

Trade is still valid

Trade closed: target reached

Target 1

Note

trend is still bearish....

Note

Trade closed: target reached

setup completed! ❤

TheAnonymousBanker

Also on:

TheAnonymousBanker

Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.