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Snick3rSD
May 15, 2023 7:12 PM

NZDCAD - Expect retracement ✅ Short

New Zealand Dollar/Canadian DollarFXCM

Description

Hello traders!
‼️ This is my perspective on NZDCAD.

Technical analysis: We are here bearish after the price changed the character and started to broke the structure. Now I expect price to make a retracement to fill that huge imbalance higher and then to reject from institutional big figure 0.85000 for a short position.

Fundamental analysis: Tomorrow we have news on CAD, will be released CPI, pay attention to the result in order to validate the anaylsis.

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