MontyTTS

NZDCAD- Long term Short position

FX_IDC:NZDCAD   NEW ZEALAND DOLLAR / CANADIAN DOLLAR
long term sell-
good trade to consider for entering the new year.

looking at a strong bearish move as we push further into 2019. the market rallied up to a key level and the buying pressure seems to have encountered strong sell positions. Also big fundamental influence with the interest rate differentials. RBNZ and BoC are sat at 1.75% however BoC is expected a increase in 2019 with hikes in the pricing. RBNZ is expected to rise in the future and as the rate differentials widen between these two we should see strong selling action occur.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out