FXOptimax Market Analysis

3rd July 2018 Market Outlook


NZD/CAD – NZD/CAD continue to decline lower and is approaching its 0.8800 support level after price rejected its 0.9220 resistance level as we expected in our 25th June 2018 Market Outlook. Traders who went short as we recommended may consider scale out the position around this 0.8800 support level and leave the rest to run further with a trailing stop behind.

NZDCADrDaily

 

Kiwi Dollar – NZD/USD breakout below its 0.6800 key support level and decline lower as we expected in our 28th June 2018 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position as price is likely going to continue its decline in the coming weeks.

NZDUSDrWeekly

 

Euro Swedish Krona – EUR/SEK rally higher after price breakout above its 10.3600 resistance level as we expected in our 27th June 2018 Market Outlook. Traders who went long as we recommended may consider continue holding onto the long position with a trailing stop behind while traders who missed this buying opportunity may still hunt for potential buy setups if price pullback into its 10.3600 resistance level (Previous support level).

EURSEKrDaily

Posted on 2018-07-03 06:30:04

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