NZD/CADShort
NZDCAD: Local Short
Price is rising towards a very strong resistance zone which also aligns with the 61.8% Fibonacci retracement.
Since we're currently in a downtrend, I believe a rejection from this level could lead the price to fall towards the support level which is also an overlap support.
Since we're currently in a downtrend, I believe a rejection from this level could lead the price to fall towards the support level which is also an overlap support.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.