- NZDCAD is in a downward parallel channel and has hit the upper trendline a few times in the last weeks while showing some bearish candles. - It just broke the trendline support showing that there is more downward trend continuation.
Shortterm target is the 0.618 fib retracement level @ 0.8900. Longterm target is the 0.8070 support of the lower downward trendline and the 1.27 fib extension level.
Trade ativo
For now this is working out fine. Down 80 pips already.
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