NZD/CAD: Bearish outlook (Weekly)

Weekly shows that last week bears took again the control on the pair.

It should go and test next week the bottom of the KUMO corresponding to the 61.8% fib retracement, at around 0.87417.

I am selling this pair from tomorrow for a week time.

Commento:

We see a nice candle exhaustion on the daily suggesting that it will go down tomorrow and test at least the 61.80% retracement as shown in my chart.

Commento:

I will sell on pullbacks

Commento:

Ok the strategy seems to confirm, finally !!