#NZDCAD: Bears Strong, Downside Expected! #Forex
NZDCAD looking EXTREMELY bearish after yesterdays compelling shooting star candle. Not only did the bull rally of the day get negated, but the candle actually closed BELOW the open! This is very bearish in itself. We can look for a reliable short off of this level to either the sideways support outlined on the chart. If we break beyond that this could easily be a new bearish impulse leg.
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