SynapseTrading

NZD/CAD (Daily Chart) - Heading into Overbought Levels

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FX:NZDCAD   New Zealand Dollar/Canadian Dollar
After running into overbought levels, this pair has seen a slowdown in the buying momentum, and most recently printed a bearish pin-bar (shooting star).

This is a sign of sellers stepping in, and we could see price head down to test the prior support.

I currently am short on this, and will continue to provide updates in my Telegram channel.

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