NZDCAD neutral

Will NZDCAD keep from falling?

29 march 2022 80
Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
1st in the segments "Currencies" and "Agricultural commodities"
2nd in the segments "Indices", "US stocks" and "Oil and gas"
Load the latest quotes
Full screen

The NZDCAD currency pair after the one-and-a-half-month uptrend turned to corrective attempts.


The first correction was stopped near the level of 0.861. However, then a "double top" pattern formed in the chart and in accordance with this pattern, an attempt is being made to break the neck line down. If the “bulls” fail to hold the level of 0.861, a wide scope for decline will open before the NZDCAD.

Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
1st in the segments "Currencies" and "Agricultural commodities"
2nd in the segments "Indices", "US stocks" and "Oil and gas"
Comments
New Popular
Send
Commenting rules

Subscribe to our newsletter and stay up to date with all the news!