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FinancialGamblR

NZDCAD - Range Breakout

Short
New Zealand Dollar / Canadian Dollar (FOREXCOM:NZDCAD)  
FinancialGamblR  
FOREXCOM:NZDCAD   New Zealand Dollar / Canadian Dollar
Support and Resistance Candlestick Analysis Supply and Demand NZDCAD Forex trading analysis daytrading swingtrading trendtrading breakout trend
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supportandresistance candlestick supplyanddemand nzdcad forex trading analysis daytrading swingtrading trendtrading breakout trend
NZDCAD has been ranging since December 2023. More specifically, this range formed in early December (of 2023) when price failed to form a new higher high.

I've been monitoring this pair on and off. While I have observed previous fake breakouts, or fakeouts, I would say the confidence level that this latest breakout holds is much higher.

This comes down to one simple reason - today's close. The bearish bar was strong and cleanly closed below the lower range boundary.
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