Critical Support broken on NZD/CAD
Good morning traders, today we bring you our analysis in NZD/CAD, which we published last week and we were waiting for a break in the support zone. That is happening now, so we want to detail our vision.
🔸Summarizing the context, the price broke the ascending channel and the support zone after bouncing off a strong resistance zone.
🔸If we go to a lower timeframe (4H), the price made a clear pullback and after that it was rejected.
🔸The interesting thing about this pair is the bearish potential. It has, towards the next support zone, a 300 pips distance.
🔸Summarizing the context, the price broke the ascending channel and the support zone after bouncing off a strong resistance zone.
🔸If we go to a lower timeframe (4H), the price made a clear pullback and after that it was rejected.
🔸The interesting thing about this pair is the bearish potential. It has, towards the next support zone, a 300 pips distance.
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.