NZDCAD is on a very important support right now. Last action is extremely bearish and the price gives the impression that is able to break through this level and continue towards 0.80 area.
Although sellers are very strong right now, a reaction by buyers on such an important level, might be a sign that sellers are taking their profits and buyers are starting to enter their long positions.
Next week will be very important to see the price action on this level and understand the direction of the price for the last part of 2019.
Although sellers are very strong right now, a reaction by buyers on such an important level, might be a sign that sellers are taking their profits and buyers are starting to enter their long positions.
Next week will be very important to see the price action on this level and understand the direction of the price for the last part of 2019.
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