NZDCAD Potential SHORT

Oct 3, 2020

Price has touched resistance on the daily timeframe and failed to break through to the upside. Price is expected to drop again and continue the descending pattern that has been in play for the majority of the year now. on the 4 hour timeframe we can also see a head and shoulders pattern which further enforces an expected move to the downside. If price breaks 0.73000 area we can expect a massive move to the downside after a pullback.