Hey! NZDCAD is trending bearish on higher time frames, crossing all the moving averages, and we have a 4-hour bearish engulfing candle to confirm our entry. The trade will likely go further down to re-test the daily bottom. Both currencies are being bought. However, today we will have NZD retail sales news this evening, so depending on the outcome, the trade will reflect itself.
Chart PatternsFundamental AnalysisNZDCADnzdcadshortpriceactionanalysisTrend Analysis

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