NZD - bottoming now and currently gaining upwards momentum, possible continuous bounce up to 61.8 fib esp 10-year seasonality for NZDCAD favors it being bullish this coming June CAD - will take some time to clear out the glut in oil inventories (oilprice.com/Energy/Crude-Oil/Is-The-Oil-Glut-Coming-Back.html) hence the recent slide, but still must be careful to prevent getting whipsawed. Expecting oil to drop 55 psychological resistance which will also bring CAD down
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.