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Nzdcadbear

NZDCAD ShortPair broke the 0.92082 weekly support so riding the bearish trend with TP @1.90 and tight SL @0.91. With bearish NZD from stronger USD, and stronger CAD due to bullish sentiment on oil as well as from stronger USD, this pair will more likely slide down to 0.868 new support level by next month if it doesn't bounce back up soon this Friday or earlier next week. www.fxstreet.com oilprice.com www.marketwatch.com Daily: Weekly: Confidence: C(need to be careful not to get whipsawed on sudden reversal especially overall market sentiment for NZD in general is bullish and price arbitrage shows bullish potential as well)
Short
by aiza_belle
NZD/CAD Daily Update (31/10/17)Looking at 0.885 as a nice resistance Price could visit the support at 0.865 Bear still has some power in it. Disclaimer : This analysis does not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose
Short
by imjmesl