Snehath
Short

0.8870 is the level to watch for NZDCAD

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
The CAD has been weakening quite a bit. I like the level seen here for NZDCAD             as it is 2 weekly highs next to each other. The crab pattern helps as well.

Similar pattern in the USDCAD             as well, but I rather choose this due to structure.
Comment: This pattern is no longer valid but there is a bearish butterfly at 0.889 level. Just shy of the 0.89 level.
Comment: Still moving upwards and there is no weakening in RSI and HSI. Still on the watch list.
At what price will you enter and stop loss?
Reply
Snehath marcus1983
I need to see what the reaction is at 0.8870. Likely a 30-40 pip SL, but too early to call now.
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