NZD/CAD Trade Ideas

NZD/CAD has reached a 200-week MA (0.8950) and formed a “shooting star” candlestick on the D1. On the H4, we see a lower high. This means that the pair may test support at 0.8900/0.8885 before resuming attempts to get higher. Trade idea for NZD/CAD SELL 0.8920; TP 0.8900; SL 0.8930 TRADE NOWSource:...

Trade ideas SELL 0.9280; TP1 0.92; TP2 0.91; SL 0.9300 SELL 0.9170; TP 0.9105; SL 0.9190 NZD/CAD approached the resistance line connecting 2017 and 2018 highs (0.9280) and 78.6% Fibo level (0.9260). Daily MACD doesn’t confirm the recent highs and a candlestick with a long upper wick was formed yeste...

Trading opportunities on the currency pair: On the back of a revision of New Zealand’s GDP forecast, the upcoming parliamentary elections (23rd of September), and a rise in oil quotes, the Kiwi dollar is expected to fall against its Canadian counterpart to 0.8893, or as far as 0.8645 if we see some ...