SHORT NZDCAD approaching resistance, potential drop!
NZDCAD is approaching our first resistance at 0.9006 (Horizontal overlap resistance, 61.8% Fibonacci extension , 38.2% Fibonacci retracement ) and a strong drop might occur pushing price down to our major support at 0.8955 (78.6% Fibonacci retracement ).
Ichimoku Cloud is also showing bearish cloud and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Ichimoku Cloud is also showing bearish cloud and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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