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JoeChampion

NZDCAD Potential downsides

Short
New Zealand Dollar/Canadian Dollar (FX:NZDCAD)  
JoeChampion  
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Beyond Technical Analysis Trend Analysis Technical Indicators NZDCAD NZD CAD SELL short Bearish Patterns Technical Analysis Contains image
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beyondta trendanalysis indicator nzdcad nzd cad sell short bearish technicalanalysis containsimage
Hey Traders, as the stock market shows some downsides NZDCAD shorts is one of the pairs i would consider shorting due to the positive correlation between the two.
Technically we have noticed that NZDCAD is trading in a down trend, and extending pullbacks are approaching the major one so i will be watching a potential selling opportunity around 0.859 supply and demand zone of the trend.
Trade safe, Joe.
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