NZDCAD had a nice rebound in this channel - going back one year. A pullback is due here. The momentum for the quarter and the year is still positive. Observing price for now specifically if price continues to obey the slope to the upside.
Friday candle is a shooting star, but closed over Tekan at 0,9270. The Lagging Span was rejected by the SSA, the lower part of the cloud. Might be, before Wednesday, price will test the weekly Kijun between 0,9157 and 0,9115. After Wednesday, much will depend on the decision on interest rates: 3% or 3,25%? Any case, short term my sentiment is bearish.
Price seems to be following this dark red Schiff down fork. The NZD has been very weak of late, while the CAD - contrary to what was observed not so long ago, but in March this year - has been very strong. It may continue down to the level of 0.91 or even lower. Is 0.90 going to be tested? I don't know, but if this trend accelerates, it's possible as...