✅CADNZD has managed to break the 🟢Support zone(1.213 NZD-1.202 NZD)🟢, SMA(200), Yearly Pivot Point(1.202 NZD), and the Support line.
💡We can consider the movement that CADNZD started about a year ago as a corrective movement in the direction of its previous main movement, which was downward and with high momentum.
🔔I expect CADNZD to continue its downward trend in the coming weeks and drop to at least 1.152 NZD.
Canadian Dollar/New Zealand Dollar Analysis (CADNZD), Daily time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will be glad to see your ideas in this post.
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