We saw NZDCAD break the previous consolidation range, and on its third attempt, it broke the weekly support of 0.9000
Yesterday's price action closed below the EMA, and we see both the blue and red EMAs crossed towards the downside adding up the confluence of this pair seeing bearish movements. Price also broke the 4H consolidation range (yellow box) and looks to head to our target of 0.8800 - 0.8750 (where our monthly support is) Where we could look for a buy, seeing the market in the long run head up to 0.9500 (where our Weekly resistance is)
Yesterday's price action closed below the EMA, and we see both the blue and red EMAs crossed towards the downside adding up the confluence of this pair seeing bearish movements. Price also broke the 4H consolidation range (yellow box) and looks to head to our target of 0.8800 - 0.8750 (where our monthly support is) Where we could look for a buy, seeing the market in the long run head up to 0.9500 (where our Weekly resistance is)