John J Hardy
In this #Saxostrats, John Hardy on why he's looking to short NZDCAD in a longer term FX trade.
Squawk / 20 May 2016 at 9:09 GMT
Business analyst
United Kingdom

The primary trend of NZD/CAD is bearish on charts and price has been broken its support trend line and sustaining below it. In its hourly chart, the price is sustaining below 100 days, which are pushing price to go lower.
Resistance level of 0.6810 and Support level of 0.6750
If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.

MACD is sustaining in its negative territory indicating the bearish trend in the pair.
RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.

STRATEGY: NZD/CAD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.
20 May
Ftrainer Ftrainer
.68 !!! are you talking about NZD CAD ??
23 May
tayalsmith tayalsmith
My mistake, NZDUSD


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