Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.9162). if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis: . NZDCAD is in a downtrend and the continuation of downtrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 41.
Cheers fellas! Great chart, really easy to understand. Saw the trend and thesis was bang on and went straight in last night. Already booked 3 profitable trades selling the peaks, as well as holding positions as advised. Top work. GL all!
ForecastCity
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@datinderlotay, Thank you for your comment. We appreciate it 🌹
Josef_anderson
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I believe that you are anticipating the direction so right. And it's a nice profit making setup. Thanks