Hello 🐋
Based on the chart, the price is close to the support area ✔️
if
the price doesn't break the support zone to the downside, we will see more gain, at least to our upper trend line resistances 💣🚀
otherwise
we can see more correction to lower support level ❌🧨
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
NZDCAD HOVERING AROUND A DAILY RESISTANCE ZONE. WE HAD A SMALL FAKE-OUT THE DOWNSIDE BUT PRICE QUICKLY PULLED BACK IN AND IS SITTING @ OUR 78.60% FIB RETRACE. THIS IS FOR EDUCATIONAL PURPOSES ONLY, TRADE SAFE.
The British pound has dropped sharply lower against the US dollar, following bearish comments from Bank of England Governor Mark Carney. The 1.2520 support level is likely to come into focus now that the 1.2610 level has been convincingly breached. UK PMI Services data is likely to be the main mover for the GBPUSD pair this morning, with a negative number expected...
