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May 3, 2023 8:38 PM

NZDCAD - descending channel Short

New Zealand Dollar / Canadian DollarFOREX.com

Description

The price is moving in a descending channel and has reached the top of the channel and a strong horizontal resistance. From there, it is expected to move towards lower support levels.

1W:


1D:


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Trade active

The price broke the ascending trendline and formed a double top.

Trade closed: target reached

Comments
aK_imp
great analysis..👍
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