Potential Long NZD/CAD based on correlation. Long

New Zealand Dollar/Japanese YenFXCM

Description

⋅ Apr 17, 2019 1:33 AM

Even though NZDCAD is still overpriced in a 6 month period when related to JPY, after the recent fall there seems to be resistance. Due to this I believe there is an opportunity for a tight stop loss with a good R0 ratio.