Mid week update

Good Evening Dynamic Traders

The EURNZD has had two very bearish days and the possible bullish flag I mentioned on Monday, in fact turned out to be a much deeper pullback - this may well be price trying to resume to it's trend. At the moment the bulls and bear are fairly equally divided in strength. Price is close approaching the figure once again which may slow it down. As mentioned, for a trend trading position, I'm looking for a bob of the extreme low. Still one to stand aside for now and wait patiently.

The NZDCAD has bounced up in the past couple of days, so nothing definitive on this pair as of yet.

Remember standing aside is also holding a position.

Great trading!
Sonia Molina