VladimirRibakov

NZDCAD Sell Idea Based On Multi-timeframe Analysis

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OANDA:NZDCAD   NZD/CAD
W1 - Price is bouncing lower from the strong resistance zone formed by the 61.8% fibonacci expansion level of the first wave.

Bearish divergence.

H4 - After the first move down currently it looks like a correction is happening in the form of a range.

Until the key resistance zone formed the top of the range and the 0.91 psychological level holds my view remains bearish here.

Aviso legal

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