NZDCAD buy opportunity, SHS forming
The NZDCAD pair broke above a long-term trendline which has started in late 2016 and formed what looks like an inverse SHS pattern.
A daily close above 0.9300 would mark the pattern as triggered and confirm a buy setup.
This week's RBNZ rate meeting will likely create volatility in NZD pairs and either confirm our bullish bias or put the trade on hold.
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A daily close above 0.9300 would mark the pattern as triggered and confirm a buy setup.
This week's RBNZ rate meeting will likely create volatility in NZD pairs and either confirm our bullish bias or put the trade on hold.
Like our analysis? Please hit the "Like" button and let us know your views in the comment section.
Join us on Telegram -> t.me/CommaFX
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