Open trading account 
Hi community,
I find out some major level in weekly chart of NZDCAD. It could generate some trade idea for these end days of this month or next month. The pair fall down from 0.9655 to 0.92, after that price retrace to Fibonacci 61.8% level. And it seems that this pair continue to go down from 0.947, the first target: 0.92 and second target is 0.9 level. I mean AB=CD hamornic may be playing, so 0.9 level become good level for long entry.
Last week, we saw NON-COMMERCIAL added 14,392 short positions in COT report. Meanwhile long CAD position added 4,279 and CAD's strength is supported by fundamental data and oil price.
Thanks and good luck!
Haynes
I find out some major level in weekly chart of NZDCAD. It could generate some trade idea for these end days of this month or next month. The pair fall down from 0.9655 to 0.92, after that price retrace to Fibonacci 61.8% level. And it seems that this pair continue to go down from 0.947, the first target: 0.92 and second target is 0.9 level. I mean AB=CD hamornic may be playing, so 0.9 level become good level for long entry.
Last week, we saw NON-COMMERCIAL added 14,392 short positions in COT report. Meanwhile long CAD position added 4,279 and CAD's strength is supported by fundamental data and oil price.
Thanks and good luck!
Haynes
