NZD/CAD On the Resistance Zone by ThinkingAntsOk
🔸 DAILY CHART EXPLANATION:
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🔸 Price made a strong upside move that broke the Descending Trendline.
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🔸 At this level it can bounce and make a corrective move towards the 0.85500 Zone.
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🔸 If the level can not hold the price, then the bullish impulse could continue towards the Weekly Descending Trendline.
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🔸 Will look for a lower timeframe setup.
🔸4H CHART ANALYSIS:
.
.
🔸 Price made a strong upside move that broke the Descending Trendline.
.
🔸 At this level it can bounce and make a corrective move towards the 0.85500 Zone.
.
🔸 If the level can not hold the price, then the bullish impulse could continue towards the Weekly Descending Trendline.
.
🔸 Will look for a lower timeframe setup.
🔸4H CHART ANALYSIS:
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