Peet_Serfontein

NZDCAD: some correction?

Short
OANDA:NZDCAD   NZD/CAD
A price action below 0.8170 supports a bearish trend direction.
Increased bearish support for a break below 0.8150.
The target price is set at 0.8040.
The stop-loss price is set at 0.8285.
The price action remains in a declining channel pattern, supporting a bearish trend direction.
Dipped below its 200-day simple moving average.
Remains a risky trade.

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