NZDCAD approaching resistance, potential drop!
NZDCAD is approaching our first resistance at 0.8768 (horizontal swing high resistance, 50% fibonacci retracement, 100% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 0.8651 (horizontal pullback support, 61.8% fibonacci extension, 38.2% fibonaccci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresonding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (89,5,3) is also approaching resistance where we might see a corresonding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Come join us today at : easymarkets.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.