Looking at the chart- price has broke strong weekly resistance, which has now turned to support. The completes on the , where I believe price should rally if it hits this level. As always, I will be looking closely at the for a valid entry- and keeping the risk:reward at a minimum 1:2.
is also approaching the oversold level.
I am still holding my short position on th NZDCAD as i believe the cad will gain further strength.
X:B = 0.382-0.618
A:C = 1.272-1.414
X:D = 0.786