NZDCAD: Key Level Ahead! Your Plan to Short:
NZDCAD is trading within a wide horizontal trading range on a daily time frame.
This night its resistance was reached.
0.884 - 0.887 is our potential reversal zone.
To catch a bearish move from that, follow a rising parallel channel on 1H.
Wait for its bearish breakout as a confirmation.
First goal will be 0.877.
Stop will be above the last high within the channel.
In case of a bullish breakout of the underlined zone, a bullish continuation will be expected.