NZDCAD Reversed Off Resistance, Prepare For Further Drop
NZDCAD reversed off its resistance at 0.9119 (100% Fibonacci extension ,61.8% Fibonacci retracement , horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 0.0.8984 (61.8% Fibonacci retracement ,61.8% Fibonacci extension ).
Stochastic (55,5,3) is also reversing off its resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (55,5,3) is also reversing off its resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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