ashfaq.hussain.duggal

NZDCAD Bullish Flag confirm, waiting 4 correction to enter LONG

Largo
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
NZD is in steady up-trend against loonie. Recently pair has drawn bullish flag and giving confirmation by taken out .9632 resistance. Next minor resistance is @ .9666. A corrective move may produce excellent buying opportunity from .9450 handle, Wait for a reversal signal before you enter LONG.

As I mentioned in recent published NZDUSD idea that kiwi and Aussie are performing relatively better against US$ from commodity currencies. Further USDCAD is expected to remain range bound as is Crude OIL. Utilizing this fundamental divergence in line with technical setup seems pretty lucrative.

Trade with Care...

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