#forex #nzdcad hourly chart oversold. Sell now

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
I already have an open trade with this pair, and I'm doubling my entry now @0.8900 because there are obvious signals that this "up" short-term trend is running out of fuel. We are expecting 2 fundamentals news ( oil inventories) that have already make a dent on this pair, so they shouldn't affect the price and they should actually send the CAD Dollar high, so thats another reason why we are shorting this pair.
Sell @ 0.8990
Stop Loss @ 0.9100
Take half profits @ 0.8860

I'll keep you updated.


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