NZD/CAD: short-term correction

NZD/CAD: short-term correction

2020-07-23 • Updated

NZD/CAD has reached a 200-week MA (0.8950) and formed a “shooting star” candlestick on the D1. On the H4, we see a lower high. This means that the pair may test support at 0.8900/0.8885 before resuming attempts to get higher.

Trade idea for NZD/CAD

SELL 0.8920; TP 0.8900; SL 0.8930

NZDCADH4.png

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