NZDCAD SHORT IDEA
Overall higher time-frame analysis shows that price action has been majorly bearish
Current price action is near the daily 38.2% fib level as well as a weekly resistance level around 0.8500
To support our bearish sentiment we would like to see strong bearish setups coming from the current level and pushing down toward 0.83500
Upon a break and retest of the 0.83500 level we will target toward our monthly support around 0.82500 followed by a target toward our daily -27% fib level near 0.80600
If price action breaks the 0.8500 look for price to reach the daily 61.8% fib level around 0.86300
Overall higher time-frame analysis shows that price action has been majorly bearish
Current price action is near the daily 38.2% fib level as well as a weekly resistance level around 0.8500
To support our bearish sentiment we would like to see strong bearish setups coming from the current level and pushing down toward 0.83500
Upon a break and retest of the 0.83500 level we will target toward our monthly support around 0.82500 followed by a target toward our daily -27% fib level near 0.80600
If price action breaks the 0.8500 look for price to reach the daily 61.8% fib level around 0.86300
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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.
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.