Short NZDCAD Move For Short-term/Intraday Trading Setup
A short term downward move can be expected in NZDCAD, especially after the big rally because of falling crude oil prices (CAD is heavily reliant on crude oil prices). I feel that some government intervention will happen to cool off such dropping prices, leading to crude oil prices increasing a bit in the short term, thus giving some strength to CAD, which will cause NZDCAD to fall (expected target is 0.85100).
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