Watch for a possible bullish scenario to take place in NZDCAD on the 1 hour chart. It’s possible NZDCAD can bounce if it makes a minor push lower towards the 0.9570 area. Bulls should watch this area for any possible buying signals/opportunities. Bulls should also be aware if NZDCAD breaks below September 14/2016 0.9524 low then it’s possible that the pair can extend lower. Any buying stops should be placed at 0.9524. Look for a 2:1 risk/reward target minimum and expect NZDCAD to push higher towards the 0.9750 area.
*** Always use proper risk/money management according to your account size ***
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