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NZDCAD: Local Bearish Reversal?! 🇳🇿🇨🇦

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NZD/CAD (OANDA:NZDCAD)  
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OANDA:NZDCAD   NZD/CAD
Multiple Time Frame Analysis Parallel Channel Rectangle EURCAD euro canadiandollar EUR CAD swing swingtrading swingtrader swingsignals
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mtfa parallelchannel rectangle eurcad euro canadiandollar eur cad swing swingtrading swingtrader swingsignals
snapshot

I see a nice bearish reaction to a key daily horizontal resistance on NZDCAD.

After a test of the underlined blue area, the price started to consolidate and formed
a horizontal range on a 4H time frame.

Its support was violated and for us, it is an import sign of strength of the sellers.

We can expect a bearish continuation now at least to 0.83

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