Since 2014 NZDCAD has been moving in a range. From the beginning of the year price moved up from the support/bottom of the channel and near resistance price turn around and even broke out of the upward channel.
Therefor I've closed my long positions and switch to short posisitons. Target is the upward moving trendline on the weekly chart, near the bottom of the range.
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Price is still moving in the downward channel. 0.87500 cold be the target. let's keep watching the structure. I'm still short on this. :)
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This has moved exactly as the original idea. Price is still in a downwrd ranche so I'm still SHORT