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NZDCAD analysis 28.05.2020

NZDCAD 

The resistance level of 0.8572 held back the bulls. A bearish divergence has formed on Awesome Oscillator. Breaking through the support level of 0.8485 will result in the formation of a 1-2-3 descending pattern.

Trading recommendations:

Sell when a 1-2-3 descending pattern is formed, below 0.8485.

Stop loss: 0.8572.

Target: 0.8354.

The NZDCAD analysis: monitor the movement of the pair.

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