NZD/CAD - A 4 years short channel; Will history repeat itself?
The
NZDCAD
pair is again on the resistance contained by a downward channel that has been going on since November 2016. For now I don't see any fundamentals that will lead to a decrease or an increase but only technical analysis, so we enter short without overleverage targeting the 0.85/0.86 zone.
NZDCAD
pair is again on the resistance contained by a downward channel that has been going on since November 2016. For now I don't see any fundamentals that will lead to a decrease or an increase but only technical analysis, so we enter short without overleverage targeting the 0.85/0.86 zone.
Probable formation of an inverted cup and handle.