NZDCAD 13 Jul 2023 on H4 timeframe. after breaking R1 yesterday, the pair continued its bullish trend towards R2. it touched 0.83435 and is now at 0.83379. When referring to the RSI indicator, it seems that the pair is starting to enter the saturated zone due to overbought. If there is a bounce and then decline after the pair touches R2, then go-short can be an option for traders. But if the pair is able to penetrated R2 and continue bullish, then go-long is the right choice. Pay attention to indications and factors that may affect market movements and trade with your own risk.
