NZD/CAD - A 4 years short channel; Will history repeat itself?
The 
NZDCAD pair is again on the resistance contained by a downward channel that has been going on since November 2016. For now I don't see any fundamentals that will lead to a decrease or an increase but only technical analysis, so we enter short without overleverage targeting the 0.85/0.86 zone.
NZDCAD pair is again on the resistance contained by a downward channel that has been going on since November 2016. For now I don't see any fundamentals that will lead to a decrease or an increase but only technical analysis, so we enter short without overleverage targeting the 0.85/0.86 zone.Note
Probable formation of an inverted cup and handle.
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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.