Have been waiting to get short this pair- short NZDCAD post the New Zealands central bank meeting which took NZD in to todays top performing G10 currency- looking for descending red trendlines to hold and for the pair to trend back down to low 0.89 area and potentially break to the downside.
Pair currently in overbought territory following the overnight spike.
Looking for close above 97.15 area to confirm DXY dollar index is going to break higher after forming double bottom since start of the year. If close above is confirmed then looking to target Dec highs around 97.66 area.
Should it pull back and close below 97.00 we make look to short USD and USD pairs
Dollar is currently having its best continued daily run in...