NZDCAD - Possible Exhaustion Spike prior to News
NZDCAD has been on a bullish run and is exhibiting signs of being excessively overbought despite a decrease in momentum as exhibited via a Bearish Divergence on the MACD indicator.
A possibility for quick profits if CAD news is positive.
NZD is exhibiting bullish signs in the larger timeframe so be prepared for a strong continuation in this direction even after short term pullbacks so avoid getting trapped in long duration short positions.
A possibility for quick profits if CAD news is positive.
NZD is exhibiting bullish signs in the larger timeframe so be prepared for a strong continuation in this direction even after short term pullbacks so avoid getting trapped in long duration short positions.