YGForex

Intraday: NZDCAD BEARISH Retracement

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
What we should be looking at for now is a rejection off this strong resistance level @0.8898 price level. We managed to see a rejection off this level previously with price retesting the level once more. However, BULLISH strength is weakening from an H1 timeframe and what I will be hoping to see is a nice rejection off here retesting the trend support before making further BULLISH movement (or a BEARISH breakout). I will update further movement after we see a BEARISH fall from here to the trend support level. Cheers!!!

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