NZDCAD | Complex Structure
As we can see from the chart NZDCAD is creating a very large complex structure.
Price is actually testing as a strong structure support area and it is showing both movements.
The reason is simple as none of them is actually confirmed.
Once the price will break down to 0.7905 it will keep moving lower
The bearish support areas or targets are located near 0.7800 and 0.7700
If the price will bounce up the first resistance area will be 0.8020 and after that 0.8200
Thank you and Good Luck!
As we can see from the chart NZDCAD is creating a very large complex structure.
Price is actually testing as a strong structure support area and it is showing both movements.
The reason is simple as none of them is actually confirmed.
Once the price will break down to 0.7905 it will keep moving lower
The bearish support areas or targets are located near 0.7800 and 0.7700
If the price will bounce up the first resistance area will be 0.8020 and after that 0.8200
Thank you and Good Luck!
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t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
www.youtube.com/@TradingPuzzles