A reversal from NZD/CAD is expected as it's finding support on top of ema's that acted as resitance up to now. We can expect it to move back up and hit the 200 ema area *if the 20 ema on the 12 hour holds as support*. Give it 8 more hours to confirm its strength to reverse.
NZDCAD goes up for next trend line resistance zone.
nzdcad 0.24% making a running flat on one hour time frame use your strategy to trade it, i am just giving you the sense of direction
Hi traders, I am hoping to see a clean Bollinger Band spike for a reversal to the downside. If it does not happen, then I will anticipate a trade once the support below breaks. Let's see how the chart develops. We will very likely see an RSI Divergence as well. (This is not a trade recommendation!)
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.