NZDCAD Short
Updated
Pair broke the 0.92082 weekly support so riding the bearish trend with TP @1.90 and tight SL @0.91. With bearish NZD from stronger USD, and stronger CAD due to bullish sentiment on oil as well as from stronger USD, this pair will more likely slide down to 0.868 new support level by next month if it doesn't bounce back up soon this Friday or earlier next week.
fxstreet.com/news/nzd-usd-keeps-melting-as-the-us-yields-push-higher-201804251705
oilprice.com/Energy/Oil-Prices/Higher-Oil-Prices-Could-Unleash-Market-Turmoil.html
marketwatch.com/story/oil-prices-edge-higher-ahead-of-us-stockpile-data-2018-04-25
Daily:
Weekly:
Confidence: C(need to be careful not to get whipsawed on sudden reversal especially overall market sentiment for NZD in general is bullish and price arbitrage shows bullish potential as well)
fxstreet.com/news/nzd-usd-keeps-melting-as-the-us-yields-push-higher-201804251705
oilprice.com/Energy/Oil-Prices/Higher-Oil-Prices-Could-Unleash-Market-Turmoil.html
marketwatch.com/story/oil-prices-edge-higher-ahead-of-us-stockpile-data-2018-04-25
Daily:
Weekly:
Confidence: C(need to be careful not to get whipsawed on sudden reversal especially overall market sentiment for NZD in general is bullish and price arbitrage shows bullish potential as well)
Trade closed: target reached
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