NZDCAD is trading within a wide horizontal trading range on a daily time frame. This night its resistance was reached.
0.884 - 0.887 is our potential reversal zone. To catch a bearish move from that, follow a rising parallel channel on 1H. Wait for its bearish breakout as a confirmation.
First goal will be 0.877. Stop will be above the last high within the channel.
In case of a bullish breakout of the underlined zone, a bullish continuation will be expected.
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