FX:NZDCAD New Zealand Dollar/Canadian Dollar
NZDCAD has been in an established downtrend. We now see some rally. Positive Divergences noticed on 4 hour chart with prices double bottoming. We expect the prices to test 8570 levels to 8640 where it will find resistance. We longed this pair 8466 to ride this rally upto 8570 levels with SL at 8385. We will see how prices react at these resistance levels and will take shorts with a SL just above the yet to be newly established swing high and take it all the way down to 8200 level. Good Luck Trading.