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FxWirePro:NZD/CAD forms shooting star candlestick pattern , good to sell on rallies

  • Candle Stick Pattern- Shooting Star
     
  • Major resistance 0.9060
     
  • The pair has made a high of 0.9560 yesterday and declined from that level. It is currently trading around 0.8966.
     
  • Short term trend is weak as long as resistance 0.9060 holds.
     
  • Any break above 0.9060 will take the pair to next level 0.9115/0.9170.
     
  • On the lower side major support is around 0.8920 (resistance turned into support) and break below targets 0.8850/0.8820.

It is good to sell on rallies around 0.9000 with SL around 0.9060 for the TP of 0.8920/0.8850.

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