NZDCAD is approaching a strong level of resistance.
We have an opportunity to catch a retracement.
pay close attention to a potential head and shoulders formation.
market is currently forming a right shoulder.
let it complete it and then look for an occasional breakout.
Target levels will be:
0.844
0.841
stop will be above the right shoulder.
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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.