CAD could have further weakness
NZDCAD is once again in this nice bull/bear fightzone, also fibo resistance. This week we could close above this, so if bulls can show more strengh, i will buy with buystop, as the fightzone should react as a support again.
AUDCAD also broke the down trendline, but AUDNZD is still in a downtrend, so i choose NZDCAD here. Remind that NZD is as AUD is a risk on currency, and Stock market is looking for a correction here. Therefore, USDCAD might be the better long.
However, NZDCAD shows a not manipulated strength, buy strength.
AUDCAD also broke the down trendline, but AUDNZD is still in a downtrend, so i choose NZDCAD here. Remind that NZD is as AUD is a risk on currency, and Stock market is looking for a correction here. Therefore, USDCAD might be the better long.
However, NZDCAD shows a not manipulated strength, buy strength.
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