NZDCAD bullish wedge and/or double bottom
Updated
NZDCAD seems to be shaping a nice bullish wedge at a long term support zone. Now the tricky part is, there is potential for a double bottom as well now, so maybe it won't reach the low of the wedge anymore. But instead of guessing, i am going to watch it coming week. Sometimes with a big double bottom pattern like this, with the sharp drop it made, we see a good bounce up first. Then another retest of the low. So in other words, making a small double bottom inside of the bigger one. If that plays out, i might not wait for the wedge but get in based on the double bottom
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