The NZDCAD prepares for strong decline – Analysis – 29-1-2020
Economies.com
2020-01-29 07:46AM UTC
The NZDCAD pair declined below 0.8610 support line recently, to press on 38.2% Fibonacci correction level at 0.8595 in order to find an exit to form strong negative trades in the near term and medium term period.
Therefore, we recommend waiting to break 0.8595 level to confirm its preparation to record many negative targets that might start at 0.8570 and 0.8532 levels.
The expected trading range for today is between 0.8610 and 0.8570
The expected trend for today: Bearish
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