FX:NZDCAD   New Zealand Dollar/Canadian Dollar
288 1
Historical price action has been quite consistent and I see no reason otherwise for this to change at this time. Upside break of the weekly triangle should result in a re-test of resistance now turned support in which to initiate longs. I have longs at 0.8888 and at the aforementioned 0.9150 with a potential target of 0.9840.

In both previous cases a nice 700 pip rally was up for the taking before a sharp reversal took place. Therefore make sure to trail stops accordingly.

The sharp reversal low, also documented, looks like an excellent place to initiate longs once again. I prefer trading this pair long on the positive carry it will generate in addition to the capital gain. Also keep in mind that the Bank of Canada has just cut rates while kiwi rates remain buoyant on a strong economy.

A really peachy set-up!
Trade is working out nicely so far:
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out