Anybody here with currency trading experience,(forex) whats the forecast of nzd/usd and usd/cad for nextweek
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I don't know much about USD/CAD, but NZD/USD should continue it's strong uptrend given that carry trade is back in vouge again. Although there is major bearish divergence on the daily and weekly charts, I wouldn't count on a major pullback. Probably some consolidation at best. There are however, some market moving US economic reports coming out tomorrow that may temporarily give the $ some across the board strength. My strategy would probably be to buy a pullback if the US reports are dollar bullish.
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