alexkyp

NZDCAD potential SELL

Short
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
The pair has been overbought the past week. USDCAD is up for a big drop as it has been overbought also last week.
The pair is trading near the monthly trendline around 0.9150 where there is significant resistance.
We can expect the pair to drop within the next week if both major pair follows our analysis !
Aldo there is an M formation on the Monthly, Weekly, Daily & 4hr timeframe .