NZDCAD: Potential Bearish Reversal?
For the past 2 weeks, price has been testing the monthly proximal line but fail to breach it. Finally, on Thu, there was a strong push ending with a daily close above the proximal line. But the next day, an equally strong push erased all the gains made on Thu. I see this as a sign of weakness. Further confirmation needed. Will be watching this closely for a SHORT trade.
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