NZDCAD approaching resistance, potential drop!
NZDCAD is approaching our first resistance at 0.8508 (Horizontal overlap resistance, 23.6% fiboancci retracement) and a strong drop might occur pushing price down to our major support at 0.8429 (61.8% Fibonacci extension).
RSI (89) is also seeing a bearish exit and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (89) is also seeing a bearish exit and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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