NZD/CAD Waiting for a Downside Movement
🔸4H CHART EXPLANATION:
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🔸Price bounced at the Daily Resistance Zone.
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🔸It has broken the main Ascending Channel.
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🔸Also, the first structure after the breakout has been broken, and now it is consolidating again.
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🔸 If the current structure is broken to the downside with a nice movement, then we consider that it has potential to reach the Support Zone.
🔸WEEKLY CHART ANALYSIS:
.
.
🔸Price bounced at the Daily Resistance Zone.
.
🔸It has broken the main Ascending Channel.
.
🔸Also, the first structure after the breakout has been broken, and now it is consolidating again.
.
🔸 If the current structure is broken to the downside with a nice movement, then we consider that it has potential to reach the Support Zone.
🔸WEEKLY CHART ANALYSIS: