NZDCAD broke major uptrendline Pair respects downtrendline Based below key level between levels 0.8712 and 0.8743 Price rejected from HVN at level 0.8743 with strong bearish movement which indicates that pair is in distribution phase Below SMA 100 on H4 frame MACD shows weakness in bullish momentum RSI is below level 50 Price now is forming bearish Elliot wave (5) It's expected for the continuation of bearish movement to target support level at 0.8340
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