NZDCAD is once again in this nice bull/bear fightzone, also fibo resistance. This week we could close above this, so if bulls can show more strengh, i will buy with buystop, as the fightzone should react as a support again.
AUDCAD also broke the down trendline, but AUDNZD is still in a downtrend, so i choose NZDCAD here. Remind that NZD is as AUD is a risk on...
As all Indexes had a strong bull rally from the lows, maybe the time to look for a correction here.
1. I would not short US indexes, because the US Stock markets are way stronger than NIKKEI for example.
2. YEN is on falling wedge support and last fibonacci support.
3. NIKKEI (as other indexes) facing zone of resistance here.
I look for weakness (break of first...