NZDCAD POSSIBLE SETUPS
On NZDCZD price is technically in an UPTREND, trading above the long holding 3years BULL FLAG or CHANNEL which price break above in June 2020, and since the time of this break out until now, we've this WEDGE PATTERN forming up, which price also break above last week, we also saw rejection at a double top resistance zone, where price have not traded since July 2020 @ 0.9000 zone, with a daily PINBAR candle from last week Thursday.
Rejection into the new week will set price lower possibly for the retest of the upper ray line of the WEDGE PATTERN as target around @ 0.8850, with possibly rejection for more upside from there.
WHILE a push above the 0.9000 zone into the new week with retest holding will set price higher with target at the next level of resistance @ 0.9300 zone.
Rejection into the new week will set price lower possibly for the retest of the upper ray line of the WEDGE PATTERN as target around @ 0.8850, with possibly rejection for more upside from there.
WHILE a push above the 0.9000 zone into the new week with retest holding will set price higher with target at the next level of resistance @ 0.9300 zone.
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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.