NZD/CAD
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NZDCAD: Short Term Technical Analysis

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The technical context on NZDCAD pair has become slightly complicated. Last week we tried to follow a Bearish Pattern (see chart below) which although it worked well at first, sucessively invalidated the harmonic structure, so our decision to have a stop at breakeven was correct.
That said, in order to follow some interesting Patterns, we need to wait until at least Monday's session to figure out which direction the pair will take in the short term.


(Click & Play on Chart below)
NZDCAD: Harmonic Structure on 1H Chart


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Snapshot
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Snapshot
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Impulsive structure in play...
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(Click and Play on chart below)
NZD/CAD: Bearish consolidation still in play?

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