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JoeChampion

NZDCAD Potential downsides

Short
New Zealand Dollar/Canadian Dollar (FX:NZDCAD)  
JoeChampion  
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Trend Analysis Beyond Technical Analysis Technical Indicators NZDCAD NZD CAD SELL short Bearish Patterns Technical Analysis Contains image
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trendanalysis beyondta indicator nzdcad nzd cad sell short bearish technicalanalysis containsimage
Hey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.83800 zone, NZDCAD is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.83800 support and resistance zone. I would also keep an eye on the stock market to confirm the bias as NZDCAD has a positive correlation with indices.
Trade safe, Joe.
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