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NZD/CAD Signal - BoC Speech - 22 Mar 2021

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Signal Details
Entry Price: 
0.8948
Take Profit: 
0.8925
Stop Loss: 
0.8975
Direction: 
Sell
How we trade
Average: 5 (1 vote)

NZDCAD is trending to the downside today prior to the BoC Speech, which may give further insight into the Bank of Canada's economic outlook. Technically the pair is in a falling wedge pattern & we anticipate continued downside into the 0.8925 level.

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.