FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Pair is around both monthly and weekly resistance; and is now forming a buildup. A retracement to previous resistance (that should now act as support) may be a good shorting opportunity. However, a break below and retest of daily support is needed before any kind of trade can be planned


Very good analysis! Check out my idea:
+1 Reply
Koyejo LDForex_
@LDForex_, Thanks bro! Nice analysis you got there yourself too. I didn't include the possible upward move because I'm hoping that the monthly and also weekly resistance would hold. If it doesn't and the price breaks above, I won't be interested in the move
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