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Nov 23, 2018 4:42 AM

NZD/CAD (Daily Chart) - Heading into Overbought Levels Short

New Zealand Dollar/Canadian DollarFXCM

Description

After running into overbought levels, this pair has seen a slowdown in the buying momentum, and most recently printed a bearish pin-bar (shooting star).

This is a sign of sellers stepping in, and we could see price head down to test the prior support.

I currently am short on this, and will continue to provide updates in my Telegram channel.
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