Caluminium

Possible bullish reversal on the NZD ( NZDCAD setup )

Long
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
On the daily we remain in a mostly bearish trend but the price on this pair has reached a very low level, on the H4 the price is starting to form a bullish trend, the break of the gray area ( approximately 0.82500 area ), and the trend line will be our confirmation to take a long position. As long as we don't break this level we can always take some short positions, I am also basing this bullish reversal of the NZD on fundamentals.
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