📉NZDCAD is currently in a long-term uptrend, but recently it has been consolidating in a horizontal range on the 4-hour chart after reaching a new high.
The support of this range was recently broken, signaling strength from sellers and suggesting a likely bearish correction.
It is possible that prices could drop to the 0.8275 support level.
The support of this range was recently broken, signaling strength from sellers and suggesting a likely bearish correction.
It is possible that prices could drop to the 0.8275 support level.
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