NZDCAD | BEARISH trade OPPORTUNITY 📉
- NZD/CAD has a nice overall move towards the downside on multiple time frames.
- We are seeing bearish pressure on a recent bearish engulfing candle formation on the 4-hour time frame & it made a new low on the 1-hour.
- There is not much big news today that might have a huge impact on the overall trade direction as hedge funds are still showing that NZD is being sold off.
- We are seeing bearish pressure on a recent bearish engulfing candle formation on the 4-hour time frame & it made a new low on the 1-hour.
- There is not much big news today that might have a huge impact on the overall trade direction as hedge funds are still showing that NZD is being sold off.