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New Zealand Dollar/Canadian Dollar
Short

NZD/CAD:SELL From 61.8% FIBO Resistance AREA DIV RSI SHORT

By FOREXN1
Updated
NZD/CAD comes from a solid bearish trend, in the last sessions, the price had a retracement to the 61.8% Fibonacci retracement whereas today the market opened with a strong bearish candle. At this price, the level is placed some static resistance and the dynamic trendline. The 100 Moving average had worked like a rebound point where the candle turned bearish and the indicators, the RSI ( in divergence ), and the Stochastic show a drop-down pattern.
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snapshot
Technical IndicatorsNZDCADTrend Analysis
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