Price action traders have found a swing trade short for EURNZD that could lead to over +400 pips of profit. Meanwhile, Bitcoin is expected to clear the all-time high later today.
After failing to rebound from monthly support at 1.63250, bears have taken full control of EURNZD which is down 0.67% for the day. Traders could expect a further selloff as the price has pushed lower for the past four consecutive days. The long-term target is 1.58600.
Traders who went long for Bitcoin since last week are up a respectable +6,000 pips of profit as bulls move inches away from the all-time high. This sudden surge makes a rally to $70,000 even more likely. Ethereum and Ripple should start their own respective rallies as a result of this.
Tomorrow is the Canadian CPI release and current forecasts are predicting a mixed release. If the release is bullish, traders could see Oil prices extender higher and USDCAD drop lower and vice versa.
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