Things to contemplate for those who are trading in NZD:
1. NZD/CHF outlook bearish as the pair struggles to surmount key resistance range
2. NZD/CAD trading at 13-month highs, but are technical cues hinting at a pullback?
3. AUD/NZD is again retreating from five-year resistance – how much will it decline?
Jul 03 Good Morning Friends, 4H-Chart idea to NZD/CAD. fantastic retest. (In the chart you will find all information) -> IMPORTANT: Just my opinion no financial advice, everyone is responsible for their own investments or trades!
PRICE IS AT RESISTANCE 0.88000. RESISTANCE IS STRONG, PRICE HAS BEEN TRYING TO BREAK IT BUT HAS BEEN GETTING REJECTED, WOULD'NT BE SURPRISED IF PRICE DIDN'T DO MUCH UNTIL JULY. PRICE POSSIBLY CAN SELL OFF TO 0.85500
RBNZ, NZD/JPY, NZD/CAD, NZD/CHF TALKING POINTS:
RBNZ expected to keep OCR steady at June 24 monetary policy meeting
NZD recent appreciation running out of steam as fresh bout of risk aversion floods into financial markets
NZD/CAD possible double top at key resistance; NZD/CHF at risk of breaking do
I found this pair broken its downtrend line resistance then follow by the retracememt to fibo 61.8. Now it look like this Fibo 61.8 level is hold. So I am looking to long NZDCAD here and get out if it broke down 61.8 level. #TradeNotes##trading# &n