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Snick3rSD
Apr 8, 2024 2:54 PM

NZDCAD - Short active ✅ Short

New Zealand Dollar/Canadian DollarFXCM

Description

Hello traders!
‼️ This is my perspective on NZDCAD.

Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect bearish price action from here as price filled the imbalance and then rejected from bearish order block + institutional big figure 0.82000.

Fundamental news: On Wednesday we will see results of Interest Rate on NZD and CAD, news with high impact on currencies, so pay attention to the results in order to validate the direction.

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