NZDCAD: Target hit. 1W Channel Down intact. Buy the Low/ Sell th

11 Eki 2018

TP = 0.84500 hit as the 1D Channel Down (RSI = 42.903) made a new Lower Low at 0.8324. With the 1W Channel Down intact (MACD = -0.015, Highs/Lows = -0.0163, B/BP = -0.0485), NZDCAD should rebound for a Lower High either at 0.85500 (1D Lower High - more likely) or 0.87500 (1W Lower High - less likely). Both are solid long term short entries. We will be taking those opportunities to sell with TP = 0.8200.