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francesgurton

NZD/CAD - Short

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New Zealand Dollar/Canadian Dollar (FX:NZDCAD)  
francesgurton  
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators NZD CAD NZDCAD LONG short uptrend
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trendanalysis chartpattern indicator nzd cad nzdcad long short uptrend
Possible short opportunity on NZD/CAD.

following a break out from the uptrend, the price has returned with bullish momentum and has now reached an area of resistance.

Following a break in the trend line, bearish rejection at this zone (0.9190), and signals from the MACD and RVI I believe we could see bearish momentum down to support at 0.9050.
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