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NZD/USD and CAD/JPY Both Moving Our Way
By DailyFX Updates | August 28, 2007
Let’s continue following up our NZD/USD and CAD/JPY short trades. The NZD/USD was a new opportunity introduced yesterday, I talked about how there was major resistance and we are targeting a move down to 70 cents. The currency pair is moving our way. There is near term resistance at today’s low, but I think this will break. Below is the latest chart.
As for CAD/JPY, in the same post, we said we were targeting 108.50. That level was reached this morning. The next support is 106.90, the 200-day SMA.
Tags: cad, forex, forextrading, jpy, nzd
Topics: DailyFX.com Updates |