SynapseTrading

NZD/CAD (Weekly Chart) - Nearing Top of Range

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
This pair is nearing the top of the large range, meaning the odds for a short trade are becoming better.

The biggest question is where the bears will start stepping in.

Currently, the momentum is still bullish , so I will continue to monitor for signs of red bars forming to signify the sellers coming in.

It could happen at the current levels, or near the 0.96079 level.

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