sumit3167

NZDCAD Awaits Triangle Breakout Momentum To Start Trending!

FX_IDC:NZDCAD   NEW ZEALAND DOLLAR / CANADIAN DOLLAR
The main chart shows the monthly TF of NZDCAD pair from which it is visible that the pair is confined in a triangle. The red horizontal lines represents the concrete support and resistance levels drawn from the monthly charts. Should the triangle break (the monthly candle closing outside the triangle) we could potentially see the price target those red horizontal levels!

My view on this pair is neutral, which means the break to either side is a possibility. The trade war conflict i feel will likely decide the fate of this pair.

This just represents the analysis of mine on this pair. shall the trade criteria meet i will post the details in a new post
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