Forex Signals – NZD/CAD Technical Analysis and Forecasts [23-06-2020]

NZDCAD Forex Trading Signal

NZDCAD Technical Analysis and Forcasts 

Price Expected to Continue Downtrend.

Time Frame- Daily

1- Market Sentiment – Bearish.

2-Price Bounce Back at Resistance Level

Trade Setup

Position :- Short
Entry Level :- 0.8750
Stop Loss Level :- 0.8800(50pips)
Take Profit Level :- 0..8300(450pips)

Alternative scenario

UP Trend Maybe Continue if price break Above 0.8800 which will leads to 0.9200

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Note:-

Forex Trading is Highly Risky Business , do your own research and be aware of the risks and rewards. Always use Stop Loss. 

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