NzdCad - Re-Test of Broken Support Turned Resistance

Short

New Zealand Dollar/Canadian Dollar (FX:NZDCAD)

FX:NZDCAD New Zealand Dollar/Canadian Dollar

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Last week NzdCad broke down below key support at 0.90035 and pulled back to re-test this area twice as resistance. As long as price stays below the 0.90035 area of resistance this pair provides a great opportunity for Bears to look for shorting opportunities down towards the targets of 0.88601 and 0.87754 respectively.

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