NZDCAD currently forming a downward channel.
Case 1: Rejection pins form at 0.87500 twice which means we could have a reversal there melt to 0.86000.
Case 2 : we can also have price push to 0.88000 before taking a turn to a downside around 0.86000 and possibly breaking below.
Either way, we can't go for long-term buys in this setup.
Case 1: Rejection pins form at 0.87500 twice which means we could have a reversal there melt to 0.86000.
Case 2 : we can also have price push to 0.88000 before taking a turn to a downside around 0.86000 and possibly breaking below.
Either way, we can't go for long-term buys in this setup.