Our free forex signals service trade today is a sell order on the NZD/CAD pair. The NZD/CAD pair drops at the time of writing as the Kiwi is strongly bearish. It’s traded at 0.8427 level far below 0.8447 today’s high. The price dropped below strong downside obstacles, so more declines are in cards. In the short term, the currency pair could try to test and retest the immediate resistance levels before dropping deeper. Get FREE Forex Signals Now! 3 Free Forex Every Week – Full Technical Analysis Yesterday, the New Zealand BusinessNZ Services Index was reported at 45.9 points below 49.8 in the previous reporting period signaling contraction. Today, the Visitor Arrivals indicator will be released, but I don’t think that it will have an impact. Canadian Inflation Data The NZD/USD pair is bearish ahead of the Canadian inflation data. The Consumer Price Index will be released on Wednesday and is expected to register a 0.6% growth. The Core CPI will be released as well. These economic indicators are seen as high impact events and could bring sharp movements. From the technical point of view, the NZD/CAD pair escaped from the ascending channel’s body and now it looks ready to extend its sell-off. In the short term, it could try to test and retest the broken levels before dropping deeper. Free forex signals – Sell NZD/CAD at 0.8423 Free forex signals entry price and takes profit Instrument: NZD/CAD Order Type: SELL STOP Entry price: 0.8423 Stop Loss: 0.8456 TP1: 0.8373 My Risk: 1% Risk / Reward Ratio: 1:1.5 Looking to trade forex now? Invest at eToro! Trade Forex Now! 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Olimpiu Tuns Olimpiu Tuns Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks. He worked as a Market Analyst for three major brokerage companies, as a prop trader, and as a contributor/content creator for news portals and educational platforms. View All Post By Olimpiu Tuns Forex Trading Signals share Read Next EUR/USD Forecast: Bears to Pounce 1.13 amid Risk-off, Eying ECB Saqib Iqbal 10 months Our free forex signals service trade today is a sell order on the NZD/CAD pair. The NZD/CAD pair drops at the time of writing as the Kiwi is strongly bearish. It’s traded at 0.8427 level far below 0.8447 today’s high. The price dropped below strong downside obstacles, so more declines are in cards. In the short term, the currency pair could try to test and retest the immediate resistance levels before dropping deeper. [su_button url="https://www.forexcrunch.com/visit/learn2trade" style="3d" background="#1d44bb" size="8" center="yes" radius="0"]Get FREE Forex Signals Now![/su_button] 3 Free Forex Every Week – Full Technical Analysis Yesterday, the New Zealand BusinessNZ Services Index… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
