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07.12.202013:44 Forex Analysis & Reviews: Trading idea for the NZD/CAD pair

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Exchange Rates 07.12.2020 analysis

Traders are in luck, especially those who followed our earlier trading strategy , which was to set sell limits in the NZD / CAD pair.

Plan:

Exchange Rates 07.12.2020 analysis

Results:

Exchange Rates 07.12.2020 analysis

Because of the strategy, the quote has reached 0.9, which was our target level.

If the pair grows again, repeat placing sell limits, in accordance to Grid Trading. As we have seen, this method is very profitable for cross-rates.

So, congratulations to those who used this approach. Good luck on your other trades!

Andrey Shevchenko
Analytical expert of InstaForex
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