NZDCAD Weekly Analysis 4th - 8th Feb

Analysis:

This currency pair has been caught up in a ranging market. A series of pin bars and dojis mark a lower high and the inside bars illustrate that there are weakness in the buyers.

Summary

Are we headed to the support zone or will the investor sentiment change? This is a perfect illustration of the market speaking to a price action trader. Remember that the price always guide us on where the market is headed.