NZD/CAD lower from here

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
NZD/CAD has a pattern of lower highs and lower lows and the price action starting 12/20 is a double bottom that is failing. The candles foretell a lack of bullish conviction (spinning tops).

I will update the chart with a new stop as it progresses.

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Thanks for your great analysis!
Here is my view on NZD/CAD if you are interested:

Based on Market Profile (volumes) and Price Action are three very strong resist/support zones. All of them were created with heavy volumes of big players - you can see it on the Cummulative Volume on the right side. The closest level: 0.94426 is placed on the biggest volume of the year (Point Of Control). The biggest volumes of the year were placed there and moved the price agressively lower. This is definitely the place I would like to go short!

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