This is the 4hr Chart on the USDCAD. We are in a nice parallel price channel. We have a pattern of lowr highs and lower lows. We are waiting for a retest of the channel highs to go short. Although long term trend is still bullish, but the short-medium term trend seems to be bearish.
The blue trendline in the 1stchart has been holding for a very very long time. We have been in a clear uptrend and we can see price coming back to test the trendline. We are closely watching this pair for suitable price action to go long, from around the trendline. The 2nd chart is the 1st one but zoomed in more for a clear view of the trade setup we are looking for. Alternatively we might go short on the break of the trendline, however its highly unlikely and we have a long bias for the USD.
EURNZD The price is in a nice wedge. Waiting to trade a breakout. Very high volatility in this pair would be a nice trade. Ideally would like to short as both EUR and NZD are weak fundamentally but EUR zone has much bigger problems than NZD.