NZDCAD Breakout and Potential Retrace

12 พ.ค. 2023

Hey Traders, in today's trading session we are monitoring NZDCAD for a selling opportunity around 0.842 zone, NZDCAD was trading in an uptrend and successfully managed to break it out. Currently we are waiting for a correction to see a potential retrace from 0.842 support and resistance zone. i would also keep an eye on the indices to confirm the bias as NZDCAD does correlate positively with indices.
Trade safe, Joe.