NZDCAD is in a big ranging market and I think that we are facing a Wyckoff accumulation scheme.
Now the question is: Where can we buy??
I see two possibilities actually, because we can see the liquidity grab of this morning (price pushed down breaking all the 3 liquidity zones (supports) and pushed up rapidly, now if price manages to regain the levels of last week we can open a first position targeting the supply zone (in h1 there is also a small imbalance) whereas if price does not regain that zone we should buy at the bigger demand zone
Now the question is: Where can we buy??
I see two possibilities actually, because we can see the liquidity grab of this morning (price pushed down breaking all the 3 liquidity zones (supports) and pushed up rapidly, now if price manages to regain the levels of last week we can open a first position targeting the supply zone (in h1 there is also a small imbalance) whereas if price does not regain that zone we should buy at the bigger demand zone