NZD/CAD rally in motion

Panjang

New Zealand Dollar/Canadian Dollar (FX:NZDCAD)

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FX:NZDCAD New Zealand Dollar/Canadian Dollar

nzd_cad Forex Crude Oil

nzd_cad forex crudeoil

NZD/CAD found support at .8800 level, formed a base at support and is now rallying. Minor resistance at .8975 is next and price can follow through to the downward sloping upper trend line near .9100. Oil prices look they are prepared to slide this week hurting CAD strength as well.

Komen:

Stopped out for an 88.5 pip loss. Stop too tight. I anticipate re-entering this trade soon.

Penafian

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