New Zealand Dollar vs. Canadian Dollar
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NZDCAD: Descending Channel Top

393
As we can see from the chart this pair has been in a long-term downtrend, and we're now at the top of the falling channel.

We've seen support hold around 0.797 so my target will be just above this for a short position this week, a break above 0.8215 will invalidate, breaking both the channel and creating a HH, so this would suggest a potential reversal.

I'm looking at overall NZD performance (NZDWCU) and how it sits against the various crosses, it's had a strong few weeks but I'm expecting across the board retracement from it.

For this pair a fail to break below 0.796 will leave a double bottom / HL and again signify a potential reversal in the making.

This week short for me.
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Looking good so far
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