Today in forex trading the NZD/CAD had a sell signal on The Forex Heatmap®. The Canadian Dollar (CAD) was neutral to slightly strong and the NZD (New Zealand Dollar) was consistently weak. The NZD/CAD live sell signals are shown below. The NZD/CAD had a good price drop and should continue down for one more day to the next support at 0.8650 on the H4 time frame. So these downward movement cycles over the last two days are against the major trend. However, this pair will eventually reverse back to the upside since the W1 time frame uptrend is still in place.
Forex traders should scale out lots and take profit as this pair continues lower to 0.860. The NZD remains weak on the time frames and more weakness is expected until tomorrow. The trading signals you see are from The Forex Heatmap®, which provides live visual trading signals for 28 pairs and eight currency groups. We send push alerts to your desktop and cellphone to tell traders when the market is moving across 8 different currencies and 28 different pairs.
Forex Trading Signals NZD/CAD Sell
Forex Trading Signals NZD/CAD Chart