Although there is a good possibility for bulls to continue to have some opportunity on NZDCAD this upcoming week, based of our large Fibonacci drawn off the Weekly time frame, we can see that there is a clear indication for Bears to possibly enter at the 38.2 level of the fib (0.87444). If you decide to take this trade idea, feel free to set your take profit at the aggressive level 161.8 of the Fib (0.68406).
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