Trade trade of the week: Sell NZD/CAD

Author: Adam Button | Category: News

Trade idea from TD

Trade idea from TD
Consider selling the New Zealand dollar against the loonie this week, TD research says in its weekly FX pick.

They recommend selling from spot with a target of 0.8575 and a stop at 0.8950.

For our Trade of the Week, we sell NZD/CAD as NZD remains the most expensive in the G10," they write.

"Risk markets have a little less pep in their step this week, reflecting some shifts in the short-run narrative... The narrative shift also reflects rising concerns of a CV-19 second wave."

For bank trade ideas, check out eFX Plus
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