NZD/CAD Bullish or Bearish? Long Term Chart
🔸WEEKLY CHART EXPLANATION:
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🔸Price is on a downtrend since 2017.
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🔸At this moment it is facing the Descending Trendline.
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🔸We can observe that there is on a consolidation, so, we are waiting for a clean move here.
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🔸In case of a bullish breakout, the potential target is the Resistance Zone, and, in case of a bearish bounce, the target is the Support Zone.
.
.
🔸Price is on a downtrend since 2017.
.
🔸At this moment it is facing the Descending Trendline.
.
🔸We can observe that there is on a consolidation, so, we are waiting for a clean move here.
.
🔸In case of a bullish breakout, the potential target is the Resistance Zone, and, in case of a bearish bounce, the target is the Support Zone.
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