NZDCAD: BULL FLAG CONTACTING A DEMAND ZONE
This pair has formed a bull flag on the weekly time frame. And the flag is in contact with a demand zone from where a bounce is likely. Joining the demand zone to form a confluence of supports here are 1W MA 50 and a horizontal resistance. A growth of 515 pips is possible from here but there are hurdles along the way
Note
Note
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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.