NZDCAD: Looking for a short next week

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
6248 29
Unlike most of my trades, this trade is mainly based on fundamental analysis . I am looking for a final confirmation to short next week as we approach the RBNZ decision, where i expect an interest rate cut and more dovish signals from the bank. Meantime, I expect crude oil to correct higher in the short coming period, and that may support the canadian dollar . I will wait for a small bounce higher before shorting.

All my ideas are just my personal view. Trade Your own view.

I have no incentive to post if i don't get enough support from you. Likes and comment. Appreciate your support..
You can SKYPE me at : Technician - The Forex Channel
My Regards,
Kommentar: We might get a confirmation for the short today, but still waiting.
@Technician looks like the short might be around the corner. It is heading to Resistance again. What do you think?
Are you in yet? I'm waiting on NU's reaction to the strong resistance as well.
What do you want to see before shorting?
Technician Casey_Yeo
I want to see how the price behaves today, where it settles.
Casey_Yeo Technician
something like lower high or double top or whatever patterns?
Technician Casey_Yeo
i was hoping to see a shorter term pin bar , but the fall was quick.
Good time do short after nzd news?
Technician BrunoSalles
I wouldnt not rush it. I still prefer to wait a bit more and see how today things settle after the facts.
+3 Antworten
I was analyzing wether to enter a trade in this pair and found this on the weekly, I always like to check higher time intervals first. It's a rough idea, but worth to look. There might be a huge short but it seems early now.
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