Ransquawk

Yesterday on NZDCAD interesting daily candle occurred. Demand was punished for too rapid attempt of rebound and on the chart PIN BAR candle occurred with a long upper shadow. Shadow of that candle tested resistance at 0.9050. It is likely that downward movement will be continued. 0.8820 handle may be tested or even current rebound may be finished. Right now it is a perfect moment for bulls to show strength because only breaking above March’s high (area 0.9115) will allow the more optimistic view on further growth.

Try FX GROW. Spread from 0.00001 also STP/ECN execution, full transparency. FxGrow launches new feature packed Website with technical analysis and economic calendar.

NZDCAD_D1

Leave us a comment!

Ransquawk