Hey traders,
NZDCAD has shown strong bullish momentum the past 4-5 days after the break of the resistance trend line (A), after a bullish run NZDCAD has recently hit the 78.60 Fibonacci level, this level has been respected and has shown strong rejection.
Price has broken the support trend line (B) and is showing bearish momentum, this can be expected from this point onwards.
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NZDCAD has shown strong bullish momentum the past 4-5 days after the break of the resistance trend line (A), after a bullish run NZDCAD has recently hit the 78.60 Fibonacci level, this level has been respected and has shown strong rejection.
Price has broken the support trend line (B) and is showing bearish momentum, this can be expected from this point onwards.
If you find this idea helpful...
Leave a like as it is much appreciated👍
Follow for future ideas❤
Comment below on what you think🗨