The NZD/CAD pair has formed a rising wedge pattern in the 4-hour charts.
It is precariously high and is currently at a strong resistance point as well.
But, to be on the safer side we recommend investors to initiate short positions only after the trendline breaks.
It is precariously high and is currently at a strong resistance point as well.
But, to be on the safer side we recommend investors to initiate short positions only after the trendline breaks.