MtxTrader

NZDCAD Unfortunate Earthquake, Unfortunate Outcome

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Price closed Friday near a S/R zone after becoming overbought a week before. Now, it seems likely that price will fall to the red support trendline as a result of that, and the Earthquake that hit New Zealand. Therefore, it will likely follow the red arrow down to the trendline.
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