NZD/CAD setting up for a breakout to the downside
Hello traders,
wanted to submit my view about NZD/CAD, as the current uptrend seems to be exhausted, failing now to close past 0.9550. Canadian dollar is getting fundamental support from recent oil surge. Weekly MACD showing bearish divergence, personally I will wait for a break and retest of the bull channel bottom trend line before going short. Wish you all good luck!
wanted to submit my view about NZD/CAD, as the current uptrend seems to be exhausted, failing now to close past 0.9550. Canadian dollar is getting fundamental support from recent oil surge. Weekly MACD showing bearish divergence, personally I will wait for a break and retest of the bull channel bottom trend line before going short. Wish you all good luck!