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New Zealand Dollar/Canadian Dollar
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NZDCAD 17/APR/2023

Por DNP-FX
NZDCAD has formed a bearish channel pattern, price has been consistently moving downwards within a defined channel. Currently, the price is approaching the support level of the bearish channel, which is a price level where historically the price has tended to bounce upwards. This suggests that there is a possibility of a price rebound or bounce upwards from the support area, based on historical price behavior. Traders may interpret this as a potential buying opportunity, as the price could potentially move higher from the support level.
Chart PatternsNZDCADTrend AnalysisTrend Lines
DNP-FX

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