Technician
Short

NZDCAD: Looking for a short next week

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
6242 29 209
Unlike most of my trades, this trade is mainly based on fundamental analysis . I am looking for a final confirmation to short next week as we approach the RBNZ decision, where i expect an interest rate cut and more dovish signals from the bank. Meantime, I expect crude oil             to correct higher in the short coming period, and that may support the canadian dollar             . I will wait for a small bounce higher before shorting.

All my ideas are just my personal view. Trade Your own view.

I have no incentive to post if i don't get enough support from you. Likes and comment. Appreciate your support..
You can SKYPE me at : Technician - The Forex Channel
My Regards,
Technician
Comment: We might get a confirmation for the short today, but still waiting.

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@Technician looks like the short might be around the corner. It is heading to Resistance again. What do you think?
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Are you in yet? I'm waiting on NU's reaction to the strong resistance as well.
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What do you want to see before shorting?
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I want to see how the price behaves today, where it settles.
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Casey_Yeo Technician
something like lower high or double top or whatever patterns?
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i was hoping to see a shorter term pin bar , but the fall was quick.
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Good time do short after nzd news?
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Technician TOP BrunoSalles
I wouldnt not rush it. I still prefer to wait a bit more and see how today things settle after the facts.
+3 Reply
I was analyzing wether to enter a trade in this pair and found this on the weekly, I always like to check higher time intervals first. It's a rough idea, but worth to look. There might be a huge short but it seems early now.
snapshot
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