NZD/CAD: Bearish consolidation still in play?

From a technical point of view, $NZD/CAD pair could be attractive in near term. If we look at 2H chart we see the main trend is still bullish, but at the same time the potentially corrective structure may not be over yet. If this analysis is correct, our idea is to sell the pair on all technical rebounds on intraday chart. Target at 0.8150 and 0.8120.

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N.B.: Updates will follow below

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Trend is still bullish on daily chart.

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Bullish weekly close for the pair ending Friday's session above our support level.

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Trade is still valid

Trade geschlossen: Ziel wurde erreicht:

Target 1

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trend is still bearish....

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Trade geschlossen: Ziel wurde erreicht:

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