From TradingView · · 40s
NZD/CAD Bearish Momentum Continues
NZD/CAD drops as bearish momentum persists.
In brief
NZD/CAD drops as bearish momentum persists. NZD/CAD rejected resistance and may drop to 0.79335 with take profit at 0.79335. Originally reported by TradingView.
NZD/CAD Rejected Resistance
NZD/CAD has rejected the resistance level, which is a pullback resistance and could drop from this level to our take profit.
Entry and Stop Loss
Entry: 0.79773. Stop loss: 0.80126. Why we like it: There is a pullback resistance level.
Take Profit Level
Take profit: 0.79335. Why we like it: There is a support level at the 127.2% Fibonacci extension and the 100% Fibonacci projection.
The big picture
NZD/CAD rejected resistance and may drop to 0.79335 with take profit at 0.79335.
