ForecastCity

đź’ˇDon't miss the great sell opportunity in NZDCAD

Short
FX_IDC:NZDCAD   NEW ZEALAND DOLLAR / CANADIAN DOLLAR
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.8985).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. NZDCAD is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40 .

Take Profits:
TP1= @ 0.8840
TP2= @ 0.8755
TP3= @ 0.8600
TP4= @ 0.8460
TP5= @ 0.8240

SL: Break Above R2

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