NZD/CADShort
NZDCAD: Classic Pullback Trade From Resistance
The NZDCAD pair appears to have been heavily sold off following a significant test of a key resistance level.
A descending triangle pattern has now formed after this test, indicating strength in selling pressure with a breach of the horizontal neckline.
It is likely that the price could decline to levels between 0.8099 and 0.8088.
A descending triangle pattern has now formed after this test, indicating strength in selling pressure with a breach of the horizontal neckline.
It is likely that the price could decline to levels between 0.8099 and 0.8088.
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