NZDCAD PULLBACK INTO CONSOLIDATION RANGE
Good morning from the UK. We've had a bullish close to the week have closed on Friday back at the top of a consolidation range at 0.90925. The purple daily key level has been working as a key resistance area (ceiling) which was previous a key support (floor) in December. after two bullish days on the 13th & 14th of February momentum has slowed down with a daily doji showing the indecisiveness of the buyers and sellers. My approach would be to monitor the 4H timeframe for continued indication of bearish momentum with looking at candlesticks on the lower timeframes to begin to cross to the downside of its Moving averages.
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