NZDCAD Bearish stocks and potential downsides
Hey Traders, in the coming week we are monitoring NZDCAD for a selling opportunity around 0.82800 zone, NZDCAD is trading in a uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.82800 support and resistance area.
We would also consider the current bearish bias on stock market and indices, due to the correlation when stocks are bearish the NZDCAD is under pressure
Trade safe, Joe.
We would also consider the current bearish bias on stock market and indices, due to the correlation when stocks are bearish the NZDCAD is under pressure
Trade safe, Joe.
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