The Canadian Dollar/New Zealand Dollar was able to break the uptrend line.
Also, we can see Regular Divergence (RD-) between RSI Indicator and Price.👇
I expect the Canadian Dollar/New Zealand Dollar will go down to my 🎯targets🎯.
🔅Canadian Dollar/New Zealand Dollar Analyze ( CADNZD ) 4H⏰.
Do not forget to put Stop loss for your positions (For every position...
Canadian Dollar/New Zealand Dollar is running near the important resistance line and resistance zone.
I expect the Canadian Dollar/New Zealand Dollar will go down at least to the support line.
Also, we can see the Regular Divergence (RD-) between MACD Indicator and Price.
🔅Canadian Dollar/New Zealand Dollar Analyze (CADNZD) Daily Timeframe⏰.
Do not forget to...
cad is currently weak, nzd is strong, all time frames suggest bearish movement, and so do all the indicators from monthly to 30 min. price patterns indicate bearish movement with a weak with a lower high,
Inverse Head and Shoulders pattern is playing out. We have a break of the neck line. We have a few choices here. Either look to go short and ride back to the neck line or wait for a retest to go long and trade to the Inverse target.