NZDCAD is in a consolidation on the 4-hourly timeframe, even though the current price action is moving in an ascending channel.
The market is testing the strong resistance level that the price has pushed back from several times.
Price pulled back after the divergence and double top. We expect a bearish move if price action breaks and closes below the trendline.
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The market is testing the strong resistance level that the price has pushed back from several times.
Price pulled back after the divergence and double top. We expect a bearish move if price action breaks and closes below the trendline.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
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