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NZDCAD |Why Do We See So Many Trading Scenarios?

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Why do we see so many trading scenarios?

During these days we have seen NZDCAD to create an "Ascending Channel" Pattern.

Price is moving within the channel for nearly 1 month now.

Today the price is showing multiple scenarios because we have the "Canadian - Net Change in Employment"
and "CAD Unemployment Rate"

The market is fully focused on the data.

We should be careful because during this period of time NZD showed to be strong and it is trying
to recover from the lost price.

Also, the channel is a bit tricky considering the news events so it is better for us ta wait until and trade after the
employment data as everything should be more clear.

The trading scenarios are on the chart so you can follow them after the news event.

Thank you and Good Luck!

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