NZDCAD Long
NZD - bottoming now and currently gaining upwards momentum, possible continuous bounce up to 61.8 fib esp 10-year seasonality for NZDCAD favors it being bullish this coming June
CAD - will take some time to clear out the glut in oil inventories (oilprice.com/Energy/Crude-Oil/Is-The-Oil-Glut-Coming-Back.html) hence the recent slide, but still must be careful to prevent getting whipsawed. Expecting oil to drop 55 psychological resistance which will also bring CAD down
Oil:
Weekly:
CAD - will take some time to clear out the glut in oil inventories (oilprice.com/Energy/Crude-Oil/Is-The-Oil-Glut-Coming-Back.html) hence the recent slide, but still must be careful to prevent getting whipsawed. Expecting oil to drop 55 psychological resistance which will also bring CAD down
Oil:
Weekly:
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