Trade_Rocket_Investments

NZD/CAD - can it break its daily zone?

לונג
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
NZD has been the strongest currency for the past week and the CAD has been inconsistent with its fundamental direction but it seems to now be more on the weak side, so there should be enough buy pressure in this market to break our daily zone to the upside. but why is the NZD strong? well they have dealt with covid very well and have opened up a travel bubble with the AUD bringing tourism and boosting the economy. what we will be waiting for is a break of our daily zone with good separation, exhaustion and entry confirmation before placing a trade.
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