We see a nice set up today for NZDUSD as it has reacted off its descending channel resistance and we look to see it fall to its major support. Another nice set up today would be CADJPY where it has reversed off its resistance and we look for it to fall further to its support. Here are some of our nice calls previously:1. CADCHF rose near to its profit target: 2. USDJPY reached its profit target:
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.