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martinwylie

NZDCAD pennat fake-out/break-out

Long
New Zealand Dollar/Canadian Dollar (FX:NZDCAD)  
martinwylie  
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
1
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Posted this as a short break of the pennant, anticipating dovish RBNZ. Wheeler however was more upbeat and affirmed rate rises and, together with today's oil weakness affecting CAD, the pair reversed. Now looks to be breaking to the upside. If it doesn't, I am closing it and relegating the pair to the stupid corner.
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