NZDCAD - RSI Divergence

Short

New Zealand Dollar/Canadian Dollar (FX:NZDCAD)

FX:NZDCAD New Zealand Dollar/Canadian Dollar

indicator

I expect NZDCAD to go lower but I saw a hidden bullish RSI Divergence in the daily timeframe - and so I would expect a bit of retracement before it continues to drop.

Wait for the price action in the resistance areas before opening a short position

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.