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Trading Idea - NZD/CAD, 02-07-2021
Trading Signal: NZDCAD
| Order | Sell |
| Direction | Bearish |
| Pattern | Resistance Test |
| Interval | 1 hour |
| Length (Candles) | 8 |
Idea Summary
Short term NZDCAD forecast is bearish. The technical analysis of the NZDCAD chart in 1-hour timeframe reveals the price is trading with downward bias after testing the resistance line. It is most likely the price will continue trading with bearish bias. There is a small likelihood the price might reverse and rise to test the resistance line again.
Note:
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