NZDCAD has been on a bullish trend for the past two months now and in it's bullish trend made an impulse from 0.83500 to 0.88000 breaking key resistance level at 0.86000 looking at it from the weekly TF. During the correction on the impulse price rejected of the 38.2% of the fib which indicates strength from the bull's side. Also a double bottom was created giving us more confluence to buy. on the retest of the neckline of the pattern we can scale down on the smaller TF to look for entry with TP at 0.89500.
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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.