The NZDCAD forms minor bearish channel – Analysis – 8-8-2022

2022-08-08 05:38:20 GMT (Economies.com)
 

The NZDCAD pair formed minor bearish channel recently, to notice its consolidation below 0.8115 resistance, to start crawling negatively near 0.8070.

 

The continuous stability of the mentioned resistance and stochastic attempt to provide the negative momentum allow us to expect renewing the negative attack, to press on 0.8030 level, while breaking it allow us to expect suffering many losses by moving towards 0.7985 followed by 0.7920.

 

The expected trading range for today is between 0.8100 and 0.8030

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
0.9802
0.0147
1.5193%
1.1165
0.0345
3.1856%
19.049
0.190
1.008%
80.050
0.756
0.953%
87.96
-0.53
0.60%
1664.495
19.135
1.163%
 
 
Live Forex Updates