Saturday, May 11, 2024

NZD/CAD trying to move up from the Low Level ? Good to Buy ?
1 mins well spent

NZD/CAD Analysis : Market reaches the low level and now it’s trying to bounce up from the ground level

Example : Assume that, If a ball thrown from high, after it reaches the ground, the ball will bounce back from the ground.

Similar to the above example, if market reaches the low level (support), then market will try to bounce up again from the low level.

This is the situation happening on this NZD/CAD pair now.

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