Just yesterday I wrote about a potential NZDCAD selloff this week. The pair had carved a bearish pin bar on the weekly time frame after failing to retake the 0.8870 level last week. Furthermore, there was an ascending channel here that complimented the idea of an imminent breakdown. If you look at the 4-hour chart, you’ll notice that NZDCAD cleared channel support before the weekend. We were discussing this idea in the member’s area on Sunday. One thing I pointed out to members is how the measured objective (if we treat this as a bearish flag) lines up with the 2018 low. In fact, both are exactly 590 pips. I’m ... (full story)