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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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.
Related publications
Disclaimer
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.