NZD/CAD is a pair that i've personally been looking at,for quite some time. We can see that it''s been in a burrish trend for almost a month and
some consolidation is going on now .
Also MACD indicator has lost its sell power and we some buyers taking place instead, but again its flat so dont rush. For me i would like to see a break out soon for a buy position with a 130pips opportunity. If this does not occur we can see it go on its 6th wave and then probably go for a short position. Use your own judgement and do not go blindly on a pottential position. Concistency is the key!!!
some consolidation is going on now .
Also MACD indicator has lost its sell power and we some buyers taking place instead, but again its flat so dont rush. For me i would like to see a break out soon for a buy position with a 130pips opportunity. If this does not occur we can see it go on its 6th wave and then probably go for a short position. Use your own judgement and do not go blindly on a pottential position. Concistency is the key!!!