Ransquawk

USD/CAD – on the H4 chart we see a breakout down from bullish channel. The pair has been on the rise for a long time and now set for a major correction. Price falls below the level of previous low, which may suggest a continuation of the downtrend. So consider the option PUT.

GBP/NZD – since mid-September the price moves in a lateral trend. The pair now tests resistance zone on H4 chart. Slowdown of growth in this region suggests a rejection and pull back in line with the broader trend. So it seems that we should consider PUT option.


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