NZDCAD 5/4/2023
The NZDCAD price is still in a downtrend channel and currently near the resistance area of this channel. It's likely that the price will pullback to around 0.843, but traders should set a stop loss if the daily closing price breaks out or above the resistance area of the channel. In case of a breakout, the price is likely to be bullish until it reaches the range equivalent to the current downtrend channel.
it's important to keep in mind that this analysis is for informational purposes only and not trading advice. There is always a possibility of failure, and this analysis may not be 100% accurate. Traders should manage their risk accordingly and make their own decisions based on their personal risk tolerance and trading goals.
it's important to keep in mind that this analysis is for informational purposes only and not trading advice. There is always a possibility of failure, and this analysis may not be 100% accurate. Traders should manage their risk accordingly and make their own decisions based on their personal risk tolerance and trading goals.
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