VasilyTrader

NZDCAD: Very Important Breakout!

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FX:NZDCAD   New Zealand Dollar/Canadian Dollar

1 month of consolidation and contraction is finished.

yesterday the market has finally broken below the triangle with a high bearish momentum candle and now we expect a further decline.
it is too late to short but you can wait for a pullback to sell from a safe spot.

next strong support levels are:
0.840
0.831

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