NZDCAD- Possible Long or Short

17 thg 2, 2019

NZDCAD is back to an interesting area of support and resistance that has created large move in the past months. We have shorted the resistance the last two touches, and now could be finally seeing a break to the upside. This would result in us looking for a breakout above the level, then retrace to retest it as support and go long. We also could see this resistance hold once again, and get a nice short opportunity to ride it back down to the bottom of the range. This will be on our radar for either direction this week.