NZDCAD Bears Eye Key Support Breakdown

Jun 10

NZDCAD Bears Eye Key Support Breakdown – 0.8065 and 0.8010 in Focus

NZDCAD on the 4H timeframe continues to show a recurring bearish pattern.

Recent price action has produced another sharp decline from a swing high, similar to previous selloffs highlighted on the chart.

As long as price remains below the recent small structure, the bearish outlook remains intact. A break and close below 0.8065 could open the door for a continuation move toward the next major support at 0.8010, which aligns with a previous demand area and serves as the next downside objective.

Key Levels:
0.8065
0.8010

You can find more details on the chart.
Thank you and good luck! 🍀

⚠️PS: Do your own analysis and use your own strategy to join the trade.
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Jun 29

Trade closed: target reached