CADNZD bounce from Demand Zone

Long

CANADIAN DOLLAR / NEW ZEALAND DOLLAR (FX_IDC:CADNZD)

FX_IDC:CADNZD CANADIAN DOLLAR / NEW ZEALAND DOLLAR

CAD had a big bear run due to oil prices, but due to the rise in OIL has gained momentum. CADNZD just had a perfect bounce off an important demand zone. Follow market structure to use previous support/resistance as take profit areas. Hopefully we can ride it back to the top.

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