NZDCAD: Stuck in a Range And Showing Signs of a Drop
NZDCAD has been moving sideways for a while, trading between 0.8060 and 0.8125. This has created a clear range pattern.
Each time price hits the bottom of the range, it bounces up. And each time it reaches the top, it pulls back down.
Right now, the pair looks ready to move lower again. The reaction has already started, and the chart suggests a possible drop toward 0.8060.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
NZDCAD has been moving sideways for a while, trading between 0.8060 and 0.8125. This has created a clear range pattern.
Each time price hits the bottom of the range, it bounces up. And each time it reaches the top, it pulls back down.
Right now, the pair looks ready to move lower again. The reaction has already started, and the chart suggests a possible drop toward 0.8060.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trade closed: target reached
NZDCAD - Reached the bearish target and bounced back and is rising towards the bullish target as shown in the chart
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.