Matl101

End of the trend... For now!

Short
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
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3
As you can see from my analysis the Kiwi has hit a roadblock, a quite major one. The trend is losing momentum and we will a rapid sell off shortly. Due to uncertainty, US getting pillaged by the virus once again and Vaccines not presenting real life applications especially the Pftzer one where you have to chill it at -70c for transportation and has short shelf life, presents a wave until February of constant uncertainty and therefore risk off mode. I will predict that JPY and USD will grow, more JPY though, and there will be a sell of for Risk on Currencies for now. It will be a correction more than a trend change, so expect some nice swing trades coming in this week!


What are your thoughts on this pair?