Looks like market established firmly near the resistance line. Such consolidation near the resistance usually suggest about continuation of the previous move. If price will manage to break out - next target is 0.7900. Closing below 0.7150 would be relief for bears.
I have sold NZDCAD according to my plan, but such NZDUSD strength does not give an confidence on short NZDCAD position:
I have sold NZDCAD according to my plan, but such NZDUSD strength does not give an confidence on short NZDCAD position:
Kommentera:
Price has been rejected by the resistance. It can be deeper pull back. NZDCAD position has been closed with loss on stops, but certainly any pull back on NZDCAD is good for me to enter short again.