Hi all,
Potential trade setting up on NZD/CAD.
USD is weakening in strength and the USD INDEX is hitting major resistance which translates into a weaker CAD.
Adding to this analysis is the falling oil price, which CAD is highly dependent on.
Order flow is looking good as well with NZD +6 and CAD -6.
Best of luck to everyone !
tradingwhales.com
Potential trade setting up on NZD/CAD.
USD is weakening in strength and the USD INDEX is hitting major resistance which translates into a weaker CAD.
Adding to this analysis is the falling oil price, which CAD is highly dependent on.
Order flow is looking good as well with NZD +6 and CAD -6.
Best of luck to everyone !
tradingwhales.com
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