NZDCAD: Key Level Ahead! Your Plan to Short: 🇳🇿🇨🇦

16 Jul 2021

NZDCAD is trading within a wide horizontal trading range on a daily time frame.
This night its resistance was reached.

0.884 - 0.887 is our potential reversal zone.
To catch a bearish move from that, follow a rising parallel channel on 1H.
Wait for its bearish breakout as a confirmation.

First goal will be 0.877.
Stop will be above the last high within the channel.

In case of a bullish breakout of the underlined zone, a bullish continuation will be expected.

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