FX:NZDCAD   New Zealand Dollar/Canadian Dollar
506 1 11
I think this pair is just making a correction to continue the long term decline.
On W1 chart we have price just broke the upward trendline , is bouncing from Ema 200 and strong resistance level . Weekly candle is a pinbar .

snapshot

Here on D1 chart:
- ema 55 as resistance (weekly ema 200+daily ema 55=powerful combination!!)
- evening star at round number 0.8500
- trendline resistance

If will depend a lot on oil             , if it stars a rally (as i expect) this pair will decline strongly, last weeks oil             is not moving.

This trade could last 1-2 months so be prepared for that.

Regards.


Beautiful!
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