Chinedumnweke

NZDCAD SWING TRADE FORECAST

Corto
OANDA:NZDCAD   NZD/CAD
A sell can be around the corner for this pair. For the most part of this year, we have had this pair move to the upside to create a yearly high at the end of July. Of course, this high coincided with W supply trendline which have pushed price down consistently in the past. A second retest confirmed the area as a legit supply zone and we can expect price to continue moving down to find an area of demand. Currently, price is just at this year's support trendline area and a break/retest of this trendline will present a good opportunity to join in on the sell if you missed entering at the resistance around the 0.89000 area! It is note worthy to consider that this is a swing signal and could possibly take days or a week to come to the point of break/retest of support
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