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indaytrading
Feb 23, 2024 1:41 PM

NZDCAD Ready for bounce Long

NZD/CADOANDA

Description

The NZD/CAD pair is exhibiting a bullish trend, notably forming an ascending triangle pattern. This pattern suggests a potential bullish continuation, especially with the formation of a bullish buildup. The market sentiment appears poised for a bounce, indicating a favorable opportunity for traders. As the price consolidates within this pattern, anticipation grows for an upward breakout. Traders are closely monitoring this setup for potential entry points to capitalize on the expected bullish momentum.
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