FX:NZDCAD   New Zealand Dollar/Canadian Dollar
131 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.
Very impressive. You got it!
ForceFollower motleifaul
Thanks. :-) Not entirely, but I took profit and closed the position at the median line.
motleifaul ForceFollower
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.
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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