NZDCAD POSSIBLE SETUPS

NZDCAD price is still trading inside this big WEDGE PATTERN on DAILY and 4H chart, on Friday price got rejected off the resistance zone of the WEDGE PATTERN at the third touch.

So i will be looking out for a retest of the resistance zone in the next week, rejection will mean price still want to continue inside this pattern and definitely set price lower with target at the support zone around 0.8650

WHILE a push above the WEDGE PATTERN will definitely set price lower with target at the next level of resistance @ 0.9000 and a push above will set price much higher to 0.9200 and beyond.

NB: Well for i know, i think the IMPULSE move from the break out of this PATTERN will be a good swing trade with awesome risk reward ratio, the WEDGE PATTERN seems to be a big one, talking more about the break out of the PATTERN later on, I'm more of BULLISH BIAS as we've on the weekly time frame price trading above a long holding CHANNEL inside which price was trading through 2016 until we saw a break above in June 2020 and this said WEDGE PATTERN have been forming up after the break above the CHANNEL.