NZDCAD - 0.87000, turning point?
0.87000 Rejected and liquidity being fulfilled at this price.
Possibilities here are as follow;
Short on a second attempt to break 0.87000 with lowered risk.
Await price to hit 0.86400 price range or even lower at 0.86000. Potential long positions around these price levels.
Although NZDCAD is in a very strong rally now for the past several weeks. I'm cautious with big trades. Would prefer intra - day positions now until further clarity on this trend. (swing positions)
Possibilities here are as follow;
Short on a second attempt to break 0.87000 with lowered risk.
Await price to hit 0.86400 price range or even lower at 0.86000. Potential long positions around these price levels.
Although NZDCAD is in a very strong rally now for the past several weeks. I'm cautious with big trades. Would prefer intra - day positions now until further clarity on this trend. (swing positions)
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