NZDCAD DAILY 11/17/19

NZDCAD SHORT IDEA

Overall higher time-frame analysis shows that price action has been majorly bearish

Current price action is near the daily 38.2% fib level as well as a weekly resistance level around 0.8500

To support our bearish sentiment we would like to see strong bearish setups coming from the current level and pushing down toward 0.83500

Upon a break and retest of the 0.83500 level we will target toward our monthly support around 0.82500 followed by a target toward our daily -27% fib level near 0.80600

If price action breaks the 0.8500 look for price to reach the daily 61.8% fib level around 0.86300