NZDCAD Close to Important Resistance

By Biznes-Broker | Analysis of the financial markets | 9 Feb 2021

NZDCAD

The currency pair made a false break from the channel we selected, but stopped at strong support. After returning to the channel, the price gave a chance to enter a long position. Price retest and rebound indicated a continuation of increases. The earlier plan is still in the game, but the possible correction has been postponed a bit because the possible retest will probably not happen after the rebound from the channel, but from the resistance in March 2019.

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Biznes-Broker

Trader, cryptocurrency and forex market analyst. Editor of investor magazines: EN: http://biznes-broker.com/ PL: http://pvq.pl/ By giving me a tip you donate it to charity. All collected funds will help children and animals in need.

Analysis of the financial markets

Subjective view of the financial market. Mainly Forex, Indexes and Commodities. Analyzes based on technical analyzes. All analyzes are my view of the market. It is not recommended to make trading decisions based on the information provided. You can check my work here: EN: http://biznes-broker.com/ PL: http://pvq.pl/

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