NZDCAD facing bearish pressure, potential for further downside!
Prices are facing bearish pressure from 50% Fibonacci retracement and 161.8% Fibonacci extension Fibonacci confluence zone. Prices might push down towards 127.2% Fibonacci retracement and 78.6% Fibonacci extension fibonacci confluence zone. If price pushes up further, prices might face resistance from horizontal swing high resistance in line with 61.8% Fibonacci retracement and 161.8% Fibonacci extension. Ichimoku cloud is also above prices, showing a bearish pressure for prices.
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