NZDCAD Daily Analysis 2/9/20

NZDCAD Short Idea

We have identified the monthly timemframe as bullish and the weekly,daily & 4hr as bearish

Last week we saw this play out to perfection from our analysis. We saw strong bearish momentum confirm the transition to the downside.

Now we have seen a lower time frame support level broken and we are looking for a retest. Ideally a retest followed by 4hour/1hr bearish setups would be enough confirmation to enter on.

We’re looking to target lower toward our 0.84000