Facts:
NZDCAD has been trading in a downward trend from the end of October
The pair bounced off the key horizontal resistance at 0.7995
Recommendation:
Trade: Short position on NZDCAD at market price
Target: 0.7953, 0.7932
Stop: 0.8005
Opinion: NZDUSD has been trading in a downward trend recently. However, local upward correction started this week. Looking at the H4 time frame, one can spot that the price reached the key resistance area. Price reacted to the horizontal resistance area ne
