Short NZD/CAD Idea
Fundamentally NZD is bearish and CAD is bullish. NZD GDP contracted on the last print with no potential rate hikes. CAD on the other hand is bullish as markets are now pricing in the expected rate hike in January. Also Oil pricing rising lifting the cad with it, Dollar is correcting which gives the CAD even more strength.
Technically NZD/CAD broke a critical level with momentum a retest with convincing price action indicating a bearish momentum is a good trade
Technically NZD/CAD broke a critical level with momentum a retest with convincing price action indicating a bearish momentum is a good trade
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