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:

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.
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Casey_Yeo IvanLabrie
So you are seeing a bounce in NZDUSD coming soon?
Reply
Definitely.
See this one too:
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Very good analysis Casey.I will keep this thing in my radar.
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Casey_Yeo TahirAli
Thank you TahirAli for your kind comment.
Reply
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