Tall_Short

Potential Drop for NZDCAD

Short
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
This trade is based on the 6 term trend pattern of correlation with both CAD and NZD and JPY. There is strong resistance at the 9200 level, hence the stop loss. However, I believe that based on 5 day,1 month, 3, month, 6 months, that NZD is overpriced in comparison to CAD in JPY terms.
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