NZDCAD fell from the channel it has been ranging in but pulled back from the MA200 line. The next move for NZDCAD depends on whether the MA200 line is strong enough to push the price back into the channel it has been ranging in. If not, NZDCAD will fall to the next support level. We should wait for NZDCAD to move either way before making a decision on opening a position.
Please give a thumbs up if you agree with the idea and if there are any questions, feel free to comment down below.
Please give a thumbs up if you agree with the idea and if there are any questions, feel free to comment down below.
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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.