NZDCAD BEARISH BREAKOUT

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New Zealand Dollar/Canadian Dollar (FX:NZDCAD)

FX:NZDCAD New Zealand Dollar/Canadian Dollar

nzdcad

NZDCAD has just broken below an uptrend and we expect price to now retest support at 0.978-0.979. If that breaks then price should continue further towards 0. 973 , before possibly completing its bearish run at the 200 MA.

If price braks above the previous uptrend, trade becomes invalid.

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