NZD/CAD has shown a break below major trendline support at 0.9370, bias lower. Recovery attempts in the pair were rejected at 200-DMA and Technical indicators support downside. Upside on the day remains capped below 5-DMA and stiff resistance also seen at 50-DMA at 0.9382. We see scope for test of 0.9317 (Apr 27 low). Further weakness will drag the pair lower...
On NZDCAD we have an awesome bearish setup. The price is heading towards the 14 and 72 EMA and the lower range while the Stoch RSI shows alot of selling pressure and the Adx shows a strong bearish trend. This leads to the conclusion that NZDCAD is heading for a further drop! Take profit: 0.92800 Stop loss: 0.95200
Hello Traders, A Gwave has been detected in NZDCAD. Based on the magnitude and force of the Gwave the final destination is highlighted in green. I have also highlighted important levels of Support and Resistance using the Gwave model. The soonest we will hit the Target area will be around June 8th. Pay attention to how price responds to the levels highlighted in...
the pair approaching the D point in Bearish Cypher pattern, i ll put sell limit @ 0.9419/20 and Targets & Stop as on the chart.
We've seen a clear bearish momentum happening last week. Now price has pulled back and is forming a bullish flag in lower timeframes. I will be ready to short this at the zone of 1.435 more or less. Currently short Aussie NZD Have a great week all. Time to kill the markets.
Trend line broke and tested again. 2 TPs are expected