DeGRAM

DeGRAM | NZDCAD channel breaking

Short
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
NZDCAD is in a consolidation zone, even though the current price action is moving in an ascending channel. 

The market is testing the strong resistance level that the price has pushed back from several times. The price failed to make a new high at resistance.

We expect a bearish move and test support level and a 50% fibo level.



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