Although the overall bias from a positional standpoint remains bearish, NZDCAD is officially bullish from a swing perspective having broken key technical elements:
-Descending weekly trendline
-Major zone at 0.84000
-Neckline of the weekly inverse HS
Long trades will be anticipated as setup emerges, with 0.87200 being the next target for NZDCAD.
Bitcoin has now obeyed price action laws by dipping into the yellow bar area which is our holding zone as earlier forecasted (check previous posts).
Further retracement may occur as price has entered an iconic fibonacci area.
However, if price respects and reacts around this level, BTCUSD may rally to 28807 and 30700 aforementioned levels.
