NZDCAD Analysis 10/4/2019

4 thg 10, 2019

The bull trend has seen a recent loss of momentum with weak impulse moves. Price failed to break the high after creating the low which can indicate a possible reversal or at least bears wanting to hop in. Price is at strong resistance which has been tested 6+ times. With this combination we can potential see a reversal with an entry on a retest of support turned resistance using the "LOW" level. If price breaks above the high we can possibly enter on a retest of the "HIGH" level for a continuation of the bull trend.

The higher time frames, 4H and Daily, support a bearish move.