FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Weekly: Double top formation. Price broke and closed below the neckline a month ago.
Last week price pulled back close to the neckline and got rejected.
Will price continue to pull back and re-test neckline next week?
YES, I am monitoring too
Reply
Yahia.Awes Yahia.Awes
Daily RSI shows we need one more spike.
snapshot
+1 Reply
Yahia.Awes Yahia.Awes
snapshot
Reply
A retest would be great, but not sure it'll happen.
Agreed 100% on the path though.
Might stop halfway before reaching the support below in your chart.

My NZDUSD:

NZDUSD: Very close to a market bottom
Reply
Casey_Yeo IvanLabrie
Agree Ivan. Doubtful it will retest again. My gut feel is last week's rejection near neckline was the final spring to bounce it down. But we never know.
Reply
Casey_Yeo IvanLabrie
So you are seeing a bounce in NZDUSD coming soon?
Reply
Definitely.
See this one too:
GBPNZD: Forming an expanding terminal wedge
Reply
Very good analysis Casey.I will keep this thing in my radar.
Reply
Casey_Yeo TahirAli
Thank you TahirAli for your kind comment.
Reply
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