NZD/CADShort
NZDCAD - Textbook Channel 14 months strong & we're at the top
We've reached the top of a channel that has been forming since October 2019 and we're decreasing in volume indicating a potential reversal of the impulse since Early November.
This could mean a correction, short term to the middle of the channel before bouncing back off to the top or continuing to the bottom.
I'd give this a short leash to see how this level reacts as we aren't sitting on any significant resistance or supply level.
This could mean a correction, short term to the middle of the channel before bouncing back off to the top or continuing to the bottom.
I'd give this a short leash to see how this level reacts as we aren't sitting on any significant resistance or supply level.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.