NZDCAD POSSIBLE SETUPS
NZDCAD is looking interesting right now, i was trading this pair through out 2020, i was trading the trend continuation also taking reversal with feasible target.
Lets take a look the scoop on NZDCAD weekly chart, price is getting back to a resistance zone from 2018, 2019 @ 0.9250 zone, this can be considered double top which is textbook kind of reversal pattern, we will be looking out for price action in the zone.
Indicative possible rejection candle will set price lower maybe possible target can be @ 0.9000.
WHILE, a push above 0.9250 zone with retest holding will set price higher with long term target @ 0.95000 which is the next zone of resistance.
Is also worth to know price is an all time UPTREND, trading above the MULTI YEAR BULLISH FLAG also indicated in the analysis.
Lets take a look the scoop on NZDCAD weekly chart, price is getting back to a resistance zone from 2018, 2019 @ 0.9250 zone, this can be considered double top which is textbook kind of reversal pattern, we will be looking out for price action in the zone.
Indicative possible rejection candle will set price lower maybe possible target can be @ 0.9000.
WHILE, a push above 0.9250 zone with retest holding will set price higher with long term target @ 0.95000 which is the next zone of resistance.
Is also worth to know price is an all time UPTREND, trading above the MULTI YEAR BULLISH FLAG also indicated in the analysis.
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