Pre-RBNZ bank rate. On my strategy, bank rate and almost all fundamental outcome has little relevance at major psychological levels. Look for the breakout of H4 trendline to take the trade. Be wary of the H4 stop raid pinbar. After an hour when this pair stays above the trendline, it's very unlikely that it will come down to the stop raid zone.
Rbnzbullish
NZDCAD Long set up-28.09.2017CAD is bound to lose some of its previous gains in the coming trading days. Governor Poloz and BoC are wary of CAD strength while RBNZ retracted their previous bear tone. Technical set up points to some positive swaps and appreciating NZD going forward.
Trade as follows:
Buy: 0.90
Stop Loss: Below 0.89
Take Profit: 0.94
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