Today in currency trading the NZD/CAD had a buy signal on The Forex Heatmap®. The Canadian Dollar (CAD) was weak on all pairs and this caused price movement on various CAD pairs. The EUR/CAD also moved up fairly strong, and this pair should continue higher to the next resistance area at 1.4450. The NZD/CAD moved up and this pair is at one resistance area so we would be scaling out lots and taking some profit at the current price levels. The trading signals you see below are from The Forex Heatmap®, which provides live buy and sell signals for 8 currency groups and 28 pairs. The heatmap is based on currency strength and parallel and inverse analysis.
Currency Trading Signals NZD/CAD Buy 11-4-2014