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Gold-Tech

💱 NZDCAD - A rebound before a further fall

Short
New Zealand Dollar/Canadian Dollar (FX:NZDCAD)  
Gold-Tech  
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators NZDUSD USDCAD Forex signals trading Descending Channel Ascending Channel Contains image
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trendanalysis chartpattern indicator nzdusd usdcad forex signals trading descendingchannel ascendingchannel containsimage
NZDCAD forms a trend change and continues to update local lows showing us the current trend.

Prerequisites for further decline:
1) The market is neutral, flat is formed
2) The price bounces from support and heads to resistance to retest the line.
3) Locally - bearish trend. Resistance may push the price back

Resistance levels: 0.8134, 0.8144, 0.8155
Support levels: 0.8098
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