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ThinkingAntsOk

"NZDCAD: the last impulse of the down move?" by ThinkingAntsOk

Short
New Zealand Dollar/Canadian Dollar (FX:NZDCAD)  
ThinkingAntsOk  
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Trend Lines Multiple Time Frame Analysis Support and Resistance NZDCAD NZD CAD nzdcadshort fx Forex
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trendline mtfa supportandresistance nzdcad nzd cad nzdcadshort fx forex
4H CHART EXPLANATION:

- In Weekly Terms, we observe a lateralization in this instrument since 2014.
- In April 19', it started its down move towards the level in which it is now.
- Price is on an a Descending Channel.
- It is currently on a Bearish Corrective Structure. If it breaks it at 0,85, it has potential to move down towards the Support Zone at 0,837.
- After this, we expect price to move up.

Check out our Weekly and Daily Vision, that support our short idea!

Weekly Vision:
snapshot

Daily Vision:
snapshot
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