14th March 2018 Market Outlook

NZD/CAD – NZD/CAD shot up significantly higher after price rejected its 0.9330 support level as we expected in our 12th March 2018 Market Outlook. Traders who went long as we recommended may consider continue holding onto the long position with a trailing stop behind as price is likely going to continue to rally higher in the coming days.

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Euro Loonie – EUR/CAD once again try to breakout above its 1.5950 resistance level. Given that the trend is bullish at the moment, traders may consider buying into this market to jump on the bullish trend especially if price pullback into its support level. Traders who went long at the breakout of 1.5370–1.5250 resistance area as we recommended in our 22nd January 2018 Market Outlook may consider continue holding onto the long position with a trailing stop behind as price is likely going to continue to rally higher in the coming weeks.

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Euro Aussie – EUR/AUD rejected its 1.5620 support level and started to rally higher yesterday. Since the overall trend is still bullish, traders may consider buying into this market to jump on the bullish trend. The next resistance level is located at 1.5970 which offer traders good profit margin to trade the long side of the market.

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