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traderpulse
Dec 31, 2020 1:46 PM

NZD/CAD Wave Analysis  Short

OANDA:NZDCAD480
NZD/CADOANDA

Description

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The counter is currently in its final stages of the bull cycle.
We expect a three-wave bear cycle to follow it up after the strong run-up.
It is trading around a strong resistance, which could be used to initiate short positions.
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