NZDCAD bullish scenario:
In this pair, technical analysis shows a technical figure Falling Wedge. The Falling Wedge broke through the resistance line on 23/07/2022. NZDCAD is forming a bullish formation on a daily chart. If the price holds above this level, we will have a possible bullish price movement with a forecast for the next 28 days with a target of 0.8311. According to the experts, your stop loss should be around 0.7901 if you enter this position.
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Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
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