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Snick3rSD
Jul 31, 2023 3:43 PM

NZDCAD - Bearish continuation ✅ Short

New Zealand Dollar/Canadian DollarFXCM

Description

Hello traders!
‼️ This is my perspective on NZDCAD.

Technical analysis: As I said in my previous analysis price filled the imbalance and continued bearish price action, I added new short position as we can see that price made a retracement and then mitigated bearish order block.

Fundamental analysis: This week on Wednesday will be released Unemployment Rate on NZD and on Friday on CAD and if the result is positive for CAD it will support our analysis.

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Comments
fortu42
My tp will be at the QM
Snick3rSD
@fortu42 what does it mean QM?
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