NZD/CAD
Panjang

NDZCAD possible retest of a multiyear trend line

94
I have been following this pair very closely. The NZD has been repriced after the New Zealand government announced the possibility of higher taxes in the near future and has also expressed concerns about the inflation in the real estate. In my opinion the price action is still very bullish, the top trend line has been broken and the price is now coming down for a retest.
0.87 is the level to watch.

Penafian

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