Elemont

NZDCAD BEARISH BREAKOUT

Short
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
NZDCAD has just broken below an uptrend and we expect price to now retest support at 0.978-0.979. If that breaks then price should continue further towards 0.973, before possibly completing its bearish run at the 200 MA.

If price braks above the previous uptrend, trade becomes invalid.

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