NZDCAD: Likely to Drop Again Inside a Corrective Pattern

26 May

NZDCAD: Likely to Drop Again Inside a Corrective Pattern

On the 4-hour chart, NZDCAD is moving within a large corrective pattern.

Looking at past price action, we can see that NZDCAD has repeatedly declined from this zone. The pattern suggests that another drop is likely.

The price movements have followed a "V"-shaped reversal without clear confirmation, meaning we can expect a similar price behavior again.

Key target areas:
0.8226
0.8205
0.8180

You may find more details in the chart!
Thank you and Good Luck!

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27 May

İşlem aktif

NZDCAD - near to the second target and it should decline more

27 May

İşlem kapandı: hedefe ulaştı