A pure price action strategy will come in play
On a daily time frame we see bearish candle, however before day close 4 H we see a hammer formation .The significance of the 4 hour candle is not much because the wick is not prominent and its not forming at support tat we are looking for {pink rectangle}
Fundamentally
CAD got a stronger employment data due to which it got stronger , however the coming we have CPI news For NZD and CAD where is its forecasted same for NZD and negative for CAD , which will put us in the right spot to go long
On a daily time frame we see bearish candle, however before day close 4 H we see a hammer formation .The significance of the 4 hour candle is not much because the wick is not prominent and its not forming at support tat we are looking for {pink rectangle}
Fundamentally
CAD got a stronger employment data due to which it got stronger , however the coming we have CPI news For NZD and CAD where is its forecasted same for NZD and negative for CAD , which will put us in the right spot to go long