Nzd/Cad seems to be on the way down at the moment
but has formed a weekly trendline that is bullish and can act as a support for the pair
The trendline has formed on the 61.8% fibonacci retracement level of the last weekly move up
and therefore should provide strong support,
as this is a natural retracement level as it is
Nzd/Cad weekly chart
On the daily chart we can see the price moving down towards this trendline
presumably to retest it - we also see the RSI moving up, indicating buyers in th…
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