SynapseTrading

NZD/CAD (Daily Chart) - Heading into Overbought Levels

Short
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
After running into overbought levels, this pair has seen a slowdown in the buying momentum, and most recently printed a bearish pin-bar (shooting star).

This is a sign of sellers stepping in, and we could see price head down to test the prior support.

I currently am short on this, and will continue to provide updates in my Telegram channel.

Free video tutorials: wp.me/P1riws-7uH
Free trading signals: wp.me/P1riws-7E8

FB group: bit.ly/2zfCGXy
Telegram: t.me/synapsetrading
Youtube: bit.ly/2AaUK4C
Twitter: bit.ly/2DLoV6X
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.