NZD/CAD rally in motion
Updated
NZD/CAD found support at .8800 level, formed a base at support and is now rallying. Minor resistance at .8975 is next and price can follow through to the downward sloping upper trend line near .9100. Oil prices look they are prepared to slide this week hurting CAD strength as well.
Note
Stopped out for an 88.5 pip loss. Stop too tight. I anticipate re-entering this trade soon.
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