03.01.2022
The overall trend is descending. The currency pair is traded in the descending price channel. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signal the overbought conditions.
NZD/CAD rate online: monitor the price movement in real time.
Trading idea:
Sell from the mirror level 0.8790 and the upper edge of the descending price channel.
Stop loss is over the mirror level 0.8826.
Target levels: 0.8680; 0.8622; 0.8554.
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