NZD/CAD - SHORT 1D

NZD/CAD - Potential short opportunity may occur if the market remains bullish and moves closer towards the upper resistance level. The chart analysis shows NZD/CAD being rejected by this resistance everytime, over the last 5 years. This shows a good indication of the strength of this historical level, and further supports a short entry. Before entering some traders may wait for a rejection to confirm the trend.