NZDCAD tank show

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NZDCAD overrall trend has been bearish looking at the weekly and daily time frame , with series of LH and LL. nzdcad has pulled back to an important zone which previously has acted as a solid support now turn resistance @0.87500. theres been a strong rejection candle from last week closing which further solidify my bearish bias. from my technical angle, the 100 and 200 sma have acted as strong roofing for nzdcad on weekly and daily time frame respectively making it difficult for the pair to accumulate more gains also the stochastic RSI signals buyers are exhausted and we should expect a downpour. my first target @0.86000, 2nd target 0.85000, third target a LL @0.8350...nzdcad moving up closing above0.8800, will nulify my bias..support with a like below
交易结束:到达目标
price slashed through my take profit zone. now watching for reversal or continuation correction
Beyond Technical AnalysisTechnical IndicatorsTrend Analysis

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