Price mitigated our weekly demand zone last month. Now it's trying to get out from our Bearish channel. After clear sign of break of structure (otw to it's next zone $45k-52k), you may execute new trade order in our h4 liquidity zone
I expect NZDCAD to go lower but I saw a hidden bullish RSI Divergence in the daily timeframe - and so I would expect a bit of retracement before it continues to drop. Wait for the price action in the resistance areas before opening a short position
If the price breaks through the trend line and resistance area, it is highly probable that the bearish movement would make a continuation. Wait for for the breakthrough and retest first. If it does not, then it may be best to go for a long position.