Nzdcadnews
Short NZDCAD Move For Short-term/Intraday Trading SetupA 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).
NZD/CAD - ~200 Pips OpoprtunityA reversal from NZD/CAD is expected as it's finding support on top of ema's that acted as resitance up to now.
We can expect it to move back up and hit the 200 ema area *if the 20 ema on the 12 hour holds as support*.
Give it 8 more hours to confirm its strength to reverse.
NZDJPYSo many interesting JPY pairs currently. Because NZD is not the most exciting currency, I chose to have a bit extra attention on this pair. A lot is pointing downwards, besides magic-t which I didn't draw because of the new-year low volume. It's the only time of the year I can't trust the volume. If this breaks the 80.565 resistance and gets under 55MA, I will be in on the short. Happy trading.