On June 9th, I wrote about an NZDCAD short opportunity. The pair was in the process of breaking below ascending channel support. Sellers had also defended the 0.8870 resistance area with a weekly bearish pin bar to show for their efforts. Our first target following that breakdown was 0.8690. As you can see, the market reached that level on June 19th. But despite closing the day below 0.8690 on the 20th, the pair closed back above it the very next day. That was our indication that a bounce was likely. Sure enough, NZDCAD clawed back 150 pips from the June 20th low. However, that strength may have come to an end on ... (full story)