MontyTTS

NZDCAD- Long term Short position

FX_IDC:NZDCAD   NEW ZEALAND DOLLAR / CANADIAN DOLLAR
long term sell-
good trade to consider for entering the new year.

looking at a strong bearish move as we push further into 2019. the market rallied up to a key level and the buying pressure seems to have encountered strong sell positions. Also big fundamental influence with the interest rate differentials. RBNZ and BoC are sat at 1.75% however BoC is expected a increase in 2019 with hikes in the pricing. RBNZ is expected to rise in the future and as the rate differentials widen between these two we should see strong selling action occur.