NZDCAD D1

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1️⃣ Higher-Timeframe Context

Market has been in a descending channel since mid-year

Momentum to the downside is weakening

Price has broken the descending trendline, signaling early trend shift

This suggests we are in an early reversal / accumulation phase, not yet a confirmed uptrend.

2️⃣ Market Structure & Price Action
🔹 Trendline Breakout

Clear breakout above the descending trendline

Price is now retesting the breakout zone, which is constructive

🔹 Demand / Accumulation Zone (Blue)

Approx. 0.7900 – 0.7950

Confluence of:

Fibonacci 0.618 – 0.786

Prior structure support

Liquidity absorption

This zone acts as a Last Point of Support (LPS).

3️⃣ Fibonacci & Liquidity Framework
🔵 Below Price

0.9 retracement has been fully swept

Limited sell-side liquidity remains below current price

🔴 Above Price (Liquidity Targets)

0.8050 → 0.5 retracement (intermediate resistance)

0.8120 – 0.8150 → 0.618 + -0.272 extension (key reaction zone)

0.8200 → 0.786 retracement

0.8250 → 0.9 retracement (major liquidity pool)

Liquidity is clearly stacked above price, favoring upside continuation.

4️⃣ Expected Price Path (Primary Scenario)

Price holds above 0.7900

Forms a higher low inside the blue demand zone

Pushes toward 0.8050

Shallow pullback (bullish continuation)

Expansion toward:

0.8120 – 0.8150

0.8200

0.8250 (main target)

This aligns with a Wyckoff accumulation → Phase D markup.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.