Seeing some overall weakness starting to come in across NZD pairs.
With NZDCAD, we have been trading near 2020 highs since start of the year. We were unable to hold break above, and now possible weakness and retracement back to some earlier demand areas.
On the H4, we see a rejection above Jan value area, and a sort of H&S (double top) formation taking place since late Jan. Look for a break of the neckline to confirm a move lower which should target Jan lows at least.
Watch & see how this plays out.
With NZDCAD, we have been trading near 2020 highs since start of the year. We were unable to hold break above, and now possible weakness and retracement back to some earlier demand areas.
On the H4, we see a rejection above Jan value area, and a sort of H&S (double top) formation taking place since late Jan. Look for a break of the neckline to confirm a move lower which should target Jan lows at least.
Watch & see how this plays out.