Thu, 21 Aug 2014 12:53:04 GMT
NZD/CAD 1H Chart: Falling Wedge
The falling wedge pattern on an hourly chart pair has been formed in the middle of the previous week. At the moment the pair is moving closer to the upper boundary of the pattern, changing hands around the weekly S1 level at 0.9191. Considering the nature of the pattern, the trading volume is decreasing along with the trading range, while