NZD is still the strong currency across the board, but starting out next week we could see a deep or minor correction/pullback.
If this happens I will look for a double bottom ( W-Formation ) near any of the support areas below current price.
If I have a clear rejection of any of these levels I will look for a trigger entry for continuation.
CAD is also weak and the WTI Crude oil value is going down which would mean the CAD will continue to be weak.
If this happens I will look for a double bottom ( W-Formation ) near any of the support areas below current price.
If I have a clear rejection of any of these levels I will look for a trigger entry for continuation.
CAD is also weak and the WTI Crude oil value is going down which would mean the CAD will continue to be weak.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.