NZDCAD DAILY 11/9/19

NCAD Short Idea

Higher time-frame analysis suggests a bearish continuation as that has been the overall trend

Current price action has rejected the daily 38.2% fib level with a strong evening star pattern and extreme exhaustion but is now sitting at a support zone around 0.83600

We will look for a significant break of this zone followed by a retest with good bearish confirmation before entering short

Looking to target toward the monthly support & 0% fib level around 0.82500 followed by a second target down to the -27.2% & weekly support near 0.80250