NZD/CAD Analysis
The pair is currently respecting a descending trendline, signaling potential continuation of the bearish trend.
🔍 Key Observations:
Price tested the trendline and is showing signs of rejection.
RSI indicates potential overbought conditions, with a likely shift downward.
Bollinger Bands suggest the pair could head towards the lower boundary for a bearish move.
🎯 Plan:
Entry: Around 0.8260
Target: 0.8220
Stop Loss: 0.8290
💡 Watch for confirmation on lower timeframes before entering. Risk management is key! 🚨
🔍 Key Observations:
Price tested the trendline and is showing signs of rejection.
RSI indicates potential overbought conditions, with a likely shift downward.
Bollinger Bands suggest the pair could head towards the lower boundary for a bearish move.
🎯 Plan:
Entry: Around 0.8260
Target: 0.8220
Stop Loss: 0.8290
💡 Watch for confirmation on lower timeframes before entering. Risk management is key! 🚨
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