In this idea you can see that the NZDCAD price on the 1D chart (24 Hours per candle) is crossing the resistance line after reaching a High level. The High level has been set at around 0.90416 Level. As for the new the price broke a resistance level it is possible that the price will continue to decrease.
What do we see (?)
- Break of the resistance level around: 0.89869
- Indicators confirmation
In my opinion it is possible that the price will lower and a SELL position is suitable in this matter.
*This Analysis is for educational purposes only and is not financial advise.
What do we see (?)
- Break of the resistance level around: 0.89869
- Indicators confirmation
In my opinion it is possible that the price will lower and a SELL position is suitable in this matter.
*This Analysis is for educational purposes only and is not financial advise.
