NZDCAD SELL
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Hello dear traders. Here my idea to NZDCAD . we will expect short term bearish continuation to 0.7980 level.
Technical Outlook : NZDCAD price breakout from the rising channel and rejected from the 0.5 Fibonacci level.
Fundamental Outlook : Oil prices rises on potential OPEC cuts and Iran nuclear deal uncertainty. CAD will strengthen as oil demand. Commodity based NZD will decline as risk at rate hikes will lead to the
weaken the global economy.
Traders, if you liked this idea or have your opinion on it, write in the comments. Please like and subscribe to my profile.
Good luck to you.
This idea does not provide the financial advice.
Technical Outlook : NZDCAD price breakout from the rising channel and rejected from the 0.5 Fibonacci level.
Fundamental Outlook : Oil prices rises on potential OPEC cuts and Iran nuclear deal uncertainty. CAD will strengthen as oil demand. Commodity based NZD will decline as risk at rate hikes will lead to the
weaken the global economy.
Traders, if you liked this idea or have your opinion on it, write in the comments. Please like and subscribe to my profile.
Good luck to you.
This idea does not provide the financial advice.
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