28.05.2020
The resistance level of 0.8572 held back the bulls. A bearish divergence has formed on Awesome Oscillator. Breaking through the support level of 0.8485 will result in the formation of a 1-2-3 descending pattern.
Trading recommendations:
Sell when a 1-2-3 descending pattern is formed, below 0.8485.
Stop loss: 0.8572.
Target: 0.8354.
The NZDCAD analysis: monitor the movement of the pair.
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