May 262020

Given that all bad news have minimal impact on the market, risky assets continue to be the choice for traders.

XAU, AUD, NZD and CAD are still taking the lead.

Tomorrow 5AM (GMT+8) RBNZ will providing a Financial Stability Report while BOC’s Poloz will be testifying. If these two events provide volatility, then there might be good setups to trade.

If NZD goes down, I’d go long on NZDJPY, NZDUSD or short GBPNZD.
If NZD goes up, I’d go long AUDNZD or XAUNZD.

If CAD goes down, I’d go long on CADJPY or short GBPCAD, EURCAD.
If CAD goes up, I’d go long AUDCAD or XAUDCAD.

Trader H

TraderH is a foreign currencies trader and a former Certified Securities Representative in the Philippine equities market. All posts herein are personal views and are not endorsed by any organization whatsoever. It is important that you practice due diligence in your trade plans. This website and its authors will not be held responsible nor liable to any of the reader's losses.

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