NZDCAD W5 JAN 2020

As analysed on the last trading week. NZDCAD is printing this bearish chart pattern, some would say Head and Shoulder. The price clearly broke the ascending trend and is consolidating for almost 2 weeks now. Its price now is at 0.86831 which is also the 61.8% fib retracement level. Anything closes above 0.88044, this short setup will be invalid

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