NZD/CAD- Long with 60% chance
Updated
NZD/CAD
TA Wise:
We see that NZD/CAD has been moving up an upward channel. With support from the cloud and trend lines. RSI flip upwards with MACD looking for a possible reversal upwards as well.
FA wise
NZD had one of the best run in the last few weeks while we see CAD appreciating greatly after the slightly hawkish Interest rate news. A slight wane on the strength of CAD is happening right now. However, as we approach the non-farm payroll later together with CAD Unemployment change data. Chances are we will see huge variation in the market later. If not most of the pairing will just be ranging in the next 8 hours or so.
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(Disclaimer: This is non-financial advice, any past performance, projection, forecast or simulation of results is not necessarily indicative of the future or likely performance of any investment.)
TA Wise:
We see that NZD/CAD has been moving up an upward channel. With support from the cloud and trend lines. RSI flip upwards with MACD looking for a possible reversal upwards as well.
FA wise
NZD had one of the best run in the last few weeks while we see CAD appreciating greatly after the slightly hawkish Interest rate news. A slight wane on the strength of CAD is happening right now. However, as we approach the non-farm payroll later together with CAD Unemployment change data. Chances are we will see huge variation in the market later. If not most of the pairing will just be ranging in the next 8 hours or so.
Follow us at Twitter @SurgeInsider or join our telegram channel at t.me/surgeinsider
We will be covering technical analysis in conjunction with fundamental analysis into Major Currencies and Crypto-Currencies!
(Disclaimer: This is non-financial advice, any past performance, projection, forecast or simulation of results is not necessarily indicative of the future or likely performance of any investment.)
Note
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