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NZDCAD: Bearish Continuation Confirmed?
NZD/CAD
Short
NZDCAD: Bearish Continuation Confirmed?
By NovaFX23
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Dec 18, 2024
7
4
4
Dec 18, 2024
📉 NZDCAD Update
Two major bearish patterns have developed on the 4-hour chart: a bearish flag and a double top formation.
Both the neckline of the double top and the support level of the flag have been broken.
A further decline is likely following a potential retest of these broken levels, with the next support target at 0.8179.
Double Top or Bottom
Flag
Support and Resistance
NovaFX23
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