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MujkanovicFX

NZDCAD reaching important resistance on D1

New Zealand Dollar/Canadian Dollar (FX:NZDCAD)  
MujkanovicFX  
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Trend Analysis NZD CAD NZDCAD tradesignal signal short LONG
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trendanalysis nzd cad nzdcad tradesignal signal short long
After ranging since the beginning of 2019, NZDCAD is now approaching an important trendline resistance on the daily. The trendline has started in late 2016 and has been tested multiple times so far.

We need to see a bearish candlestick pattern on the trendline to enter with a short position. A break above the trendline would aim for the 2018 high of 0.95.

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