NZD/CAD Long Term Bearish Analysis
🔸WEEKLY CHART EXPLANATION:
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🔸As we can observe, this pair has been on a downtrend since 2017.
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🔸It has recently retested the Descending Trendline, and left some strong bearish candles.
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🔸Each time price touched this trendline, it did a downside move, so, we expect the same now. We consider that this pair has potential to make a downside move towards the Support Zone.
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🔸 Will look for a lower timeframe bearish setup.
🔸 DAILY CHART ANALYSIS:
.
.
🔸As we can observe, this pair has been on a downtrend since 2017.
.
🔸It has recently retested the Descending Trendline, and left some strong bearish candles.
.
🔸Each time price touched this trendline, it did a downside move, so, we expect the same now. We consider that this pair has potential to make a downside move towards the Support Zone.
.
🔸 Will look for a lower timeframe bearish setup.
🔸 DAILY CHART ANALYSIS:
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