NZD/CAD:Price rebound on dynamic trendline and 200 sma | Short

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New Zealand Dollar/Canadian Dollar (FX:NZDCAD)

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FX:NZDCAD New Zealand Dollar/Canadian Dollar

Just like anticipated yesterday, the price had a rebound on the dynamic trendline of the bearish channel and It's actually reacted with a bearish candle. Also, yesterday the price reverted to the bullish impulse on the 200 Moving average , this is another clue for our forecast which sees the NZD losing again power against the CAD and continuing its downside following the main trend.

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