Technical: 1.Ichimoku: Ichimoku giving a buy signal.
2.MACD: MACD is also giving a buy signal.
3.Currency Strength: CAD is so much stronger than NZD.
Fundamental: Due to the trade war between China & US, Chinese currency is weakening, so is NZD..
Trading Plan: I'll Open long position when market opens There is a news release of CAD on 22 May, I'll stay away from the market at that time(OR I'll put a large stop loss). And I hope I can Continue with this pair this whole week, Since there is no other news releases awaiting for this pair.
I'll keep updating....
Komen
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Sorry for reversing the pair: NZD/CAD goes for short (since CAD/NZD going for long)