NZDCAD - While Testing Resistance & Correction Setup
Since June 2017 the asset has been trading in a bearish channel, creating more lower lows. Aroud the 0.91188 level is where we notice a strong refusal by the price to go up. So it has to be an area that we have to look out like hawks.
Right now, in a lower timeframe we are in bullish trend. So we want to look for long entries, after the correction setup.
This market analysis is just a investment idea, the same shouldn't be taken as a financial counseling without risk envolved.
CFD´s are very complex financial products that can result on the loss of most capital invested
Right now, in a lower timeframe we are in bullish trend. So we want to look for long entries, after the correction setup.
This market analysis is just a investment idea, the same shouldn't be taken as a financial counseling without risk envolved.
CFD´s are very complex financial products that can result on the loss of most capital invested