NZD/CADShort
NZDCAD: Classic Pullback Trade From Resistance
The NZDCAD pair appears to have been heavily sold off following a significant test of a key resistance level.
A descending triangle pattern has now formed after this test, indicating strength in selling pressure with a breach of the horizontal neckline.
It is likely that the price could decline to levels between 0.8099 and 0.8088.
A descending triangle pattern has now formed after this test, indicating strength in selling pressure with a breach of the horizontal neckline.
It is likely that the price could decline to levels between 0.8099 and 0.8088.
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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.