The pair has been oversold last week as a result of RBNZ news and its currently trading around the psychological line of 0.90 there is a lot of confirmation from the major pairs as NZD is oversold and reached critical support area near 0.6740 and oil prices are overbought and expected to drop within the week. USDCAD follows an upward trend. There is a clear rejection on the 4hr timeframe with a long wig and it touches perfectly with the 4hr trend line!
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