The NZDCAD builds bearish channel – Analysis – 13-2-2020
Economies.com
2020-02-13 07:41AM UTC
The NZDCAD pair confirmed surrendering to the bearish bias domination by forming new bearish channel, to move away from 0.8595 resistance by recording the first negative targets at 0.8524.
The stability of the moving average 55 above the current trades besides stochastic negative momentum signals by reaching 20 level allow us to suggest more negative trades that might target 0.8505 and 0.8472 levels.
The expected trading range for today is between 0.8562 and 0.8505
The expected trend for today: Bearish
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