NZDCAD facing bearish pressure | 3rd June 2021

NZDCAD facing bearish pressure | 3rd June 2021 for FX:NZDCAD by FXCM

NZDCAD facing bearish pressure | 3rd June 2021



ZDCAD is approaching Sell Entry level, in line with 38.2% Fibonacci retracement , 78.6% Fibonacci extension and horizontal pullback resistance, where we could see a reversal and further downside towards 1st Support, in line with 78.6% Fibonacci extension , 88% Fibonacci retracement and horizontal pullback support. Price is also holding below moving average resistance as well.

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