NZD/CAD (Weekly Chart) - Nearing Top of Range

6 בדצמ׳ 2018This pair is nearing the top of the large range, meaning the odds for a short trade are becoming better.

The biggest question is where the bears will start stepping in.

Currently, the momentum is still bullish, so I will continue to monitor for signs of red bars forming to signify the sellers coming in.

It could happen at the current levels, or near the 0.96079 level.