FX:NZDCAD   New Zealand Dollar/Canadian Dollar
129 4 0
I believe these oscillations are about to extend a little bit higher, possibly up to the resistance level just below 0.87500. Lots of buyers' footprints (i admit - sellers' as well, but the momentum cycle is on a rising wave). The weak Kiwi seems to have an interim phase of strengthening.
motleifaul
3 years ago
I am not sure. We just have retraced 50 % of the former upmove and all depends on whether the rate can exceed 0,87 or not. If not then we may see a test of the low of the black rising fork at least.
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motleifaul
3 years ago
Very impressive. You got it!
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ForceFollower motleifaul
3 years ago
Thanks. :-) Not entirely, but I took profit and closed the position at the median line.
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motleifaul ForceFollower
3 years ago
So my caution of the 0,87 came true but nevertheless if you could manage to take the profit in time everything is o.k.
Gratulation!
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