Double Bottom NZDCAD Triggered
NZDCAD has tested a major daily support zone. We have built a base and formed a double bottom pattern. Price has also crossed over my moving averages. Not the downtrend of lower highs and lower lows. Draw a trendline if you must, but this trend is over.
One can enter now, or await a higher low confirmation with a close above recent highs of 0.8717. Some interim resistance at 0.88, but I want to swing trade this up to 0.8950.
One can enter now, or await a higher low confirmation with a close above recent highs of 0.8717. Some interim resistance at 0.88, but I want to swing trade this up to 0.8950.