NZD/CAD - short opportunity
已更新
NZD/CAD trades in a Symmetric Triangle pattern.
The pair is on verge of breach at triangle base.
Scope then for dip till 88.6% Fib at 0.8741.
We see bearish invalidation only above 21-EMA.
Support levels - 0.8829 (78.6% Fib), 0.8786 (May 17 low), 0.8741 (88.6% Fib)
Resistance levels - 0.8868 (5-DMA), 0.89, 0.8921 (21-EMA)
Stay short on decisive close below 'Triangle base', target 0.8830/ 0.8785/ 0.8745
The pair is on verge of breach at triangle base.
Scope then for dip till 88.6% Fib at 0.8741.
We see bearish invalidation only above 21-EMA.
Support levels - 0.8829 (78.6% Fib), 0.8786 (May 17 low), 0.8741 (88.6% Fib)
Resistance levels - 0.8868 (5-DMA), 0.89, 0.8921 (21-EMA)
Stay short on decisive close below 'Triangle base', target 0.8830/ 0.8785/ 0.8745
註釋
NZD/CAD extending weakness. 'Symmetric Triangle' breach opens up downside.註釋
All targets hit
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