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NZD/CAD Waiting for a Downside Movement

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New Zealand Dollar/Canadian Dollar (FX:NZDCAD)  
ThinkingAntsOk  
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Trend Analysis Support and Resistance Multiple Time Frame Analysis NZD CAD NZDCAD short Bearish Patterns analysis setup
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trendanalysis supportandresistance mtfa nzd cad nzdcad short bearish analysis setup
🔸4H CHART EXPLANATION:
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🔸Price bounced at the Daily Resistance Zone.
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🔸It has broken the main Ascending Channel.
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🔸Also, the first structure after the breakout has been broken, and now it is consolidating again.
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🔸 If the current structure is broken to the downside with a nice movement, then we consider that it has potential to reach the Support Zone.

🔸WEEKLY CHART ANALYSIS:

snapshot
Penafian

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