NZDCAD POSSIBLE SETUPS
This is just an update of my analysis on NZDCAD from last week, i mentioned the possible rejection as price was approaching @ 0.9260 zone, which is a zone of resistance since 2018 through 2019, price get rejected just as said.
Overall price is in an UPTREND on the big timeframe, we also have this recent UPTREND line extending from October 2020 lows till date, a push below this trendline @ 0.9157 zone will definitely set price lower to retest the 0.9000 zone.
If price get to retest the 0.9000, i will be looking out for price action @ 0.9000 zone for possible UPTREND continuation.
Overall price is in an UPTREND on the big timeframe, we also have this recent UPTREND line extending from October 2020 lows till date, a push below this trendline @ 0.9157 zone will definitely set price lower to retest the 0.9000 zone.
If price get to retest the 0.9000, i will be looking out for price action @ 0.9000 zone for possible UPTREND continuation.
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