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UnknownUnicorn485324

NZD/CAD setting up for a breakout to the downside

Short
NEW ZEALAND DOLLAR / CANADIAN DOLLAR (FX_IDC:NZDCAD)  
UnknownUnicorn485324  
FX_IDC:NZDCAD   NEW ZEALAND DOLLAR / CANADIAN DOLLAR
NZD CAD Oil downtrend Parallel Channel breakout Moving Average Convergence / Divergence (MACD) Divergence Bearish Patterns
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nzd cad oil downtrend parallelchannel breakout macd divergence bearish
Hello traders,
wanted to submit my view about NZD/CAD, as the current uptrend seems to be exhausted, failing now to close past 0.9550. Canadian dollar is getting fundamental support from recent oil surge. Weekly MACD showing bearish divergence, personally I will wait for a break and retest of the bull channel bottom trend line before going short. Wish you all good luck!
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