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VasilyTrader
Feb 27, 2024 4:26 AM

NZDCAD: Local Bearish Reversal?! 🇳🇿🇨🇦 Short

NZD/CADOANDA

Description



I see a nice bearish reaction to a key daily horizontal resistance on NZDCAD.

After a test of the underlined blue area, the price started to consolidate and formed
a horizontal range on a 4H time frame.

Its support was violated and for us, it is an import sign of strength of the sellers.

We can expect a bearish continuation now at least to 0.83

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Comments
JoeChampion
i'm bearish too and watching from 0.83350, if stocks continue bearish that should be heavy on NZDCAD and AUDCAD in particular!
VasilyTrader
Are you bearish on NZDCAD?
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