NZD/CAD Bearish View by ThinkingAntsOk

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New Zealand Dollar/Canadian Dollar (FX:NZDCAD)

FX:NZDCAD New Zealand Dollar/Canadian Dollar

Trend Analysis Support and Resistance Multiple Time Frame Analysis NZD CAD NZDCAD short Bearish Patterns analysis setup

trendanalysis supportandresistance mtfa nzd cad nzdcad short bearish analysis setup

🔸 4H CHART EXPLANATION:
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🔸Price bounced at the Resistance Zone.
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🔸It is facing the confluence zone between the Ascending Trendline and the Support Zone.
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🔸If this zone is broken to the downside, then the first bearish target is the main Ascending Trendline.
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🔸 Will look for a lower timeframe bearish setup.

🔸DAILY CHART ANALYSIS:

snapshot

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