NZD looking like it could slip against CAD

NZD looks poised for some weakness across the board. We have Trade Balance, Exports and Imports data coming out today and I believe this could be a key driver of where NZD goes from here. Check out my other NZD related analyses below.

Ive also included a good risk reward trade for entry before we get a breakout.

SL: above 0.97500
TP 1: 0.93111
TP2: 0.90490

Commento:

`looking good so far. I think we may see a bit of a retracement as CAD looks like it has quite a bit of a run against most of the market, however, the bearish sentiment remains.

Trade chiuso: obiettivo raggiunto:

first stop cleared. we are consolidating slightly but i think we continue to dip

Commento:

We still have more downside to go

Trade chiuso: obiettivo raggiunto