NZD/CAD bears in control with price on the way to making a lower low. A revisit to the POC and rejection will open prospects of a break of Dec support. In a follow-up to the analysis conducted at the start of the week in the Asian open, NZD/CAD Price Analysis: Prospects of a 61.8% retracement below 0.8980, the swing trade’s breakeven point has been achieved. 4-hour chart For a reminder of the setup, the monthly chart was embarking on a 38.2% Fibonacci retracement: Daily chart (13.12.2020) So far, so good… (15.12.2020) Meanwhile, as illustrated in the hourly chart, the price is making its way back towards the prior session’s point of control at 0.9011. This is where offers would be expected to keep the market in check within a bearish channel. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ethereum Price Analysis: ETH targets $1,200 regardless of the volatility FX Street 2 years NZD/CAD bears in control with price on the way to making a lower low. A revisit to the POC and rejection will open prospects of a break of Dec support. In a follow-up to the analysis conducted at the start of the week in the Asian open, NZD/CAD Price Analysis: Prospects of a 61.8% retracement below 0.8980, the swing trade's breakeven point has been achieved. 4-hour chart For a reminder of the setup, the monthly chart was embarking on a 38.2% Fibonacci retracement: Daily chart (13.12.2020) So far, so good... (15.12.2020) Meanwhile, as illustrated in the hourly chart, the price is making… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
