NEW ZEALAND DOLLAR VS CANADIAN DOLLAR
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NZDCAD Will Go Lower From Resistance! Short!

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Here is our detailed technical review for NZDCAD.

Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is trading around a solid horizontal structure 0.827.

The above observations make me that the market will inevitably achieve 0.824 level.

P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

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交易结束:到达目标
Great news, our trade has finally paid off!
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