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CDaley91

NZD/CAD analysis, via 4-Hour Chart

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New Zealand Dollar/Canadian Dollar (FX:NZDCAD)  
CDaley91  
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
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As we can see, this pair broke out of a 4-month descending trend line in and rallied up to the .88750 resistance. From there, price rejected that resistance level, broke out of that ascending channel and headed back to an area of demand in confluence with the .618 Fibonacci level. Let's see if there can be a rejection from that demand area for further bullish movement.
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