Is NZDCAD going to have another bearish round?!Price tried to breaks the descending trend line but it couldn't make it.
A Piercing line pattern happened right under the trend line.
I believe we should look for bearish positions.
Nzdcadrezistentzone
NZDCAD's ascending monthly trendline got stuck on monthly resistIf you look at the monthly chart of the NZDCAD Forex pair, you will see that is has been on a uptrend since it's opening. However, you could also clearly see that it cannot penetrate above the levels of the monthly (major) resistance. With the continuous failure to break above, a possible trend reversal (on monthly level) may be taking place -- the bears are preparing for a major comeback!
