Not my side at all, but there are some decent risk/reward trades for the USD bulls in both USD/CAD and NZD/USD near current levels.
- .8420/25 has been somewhat of a pivot in NZD/USD in recent times and this was the breakdown level earlier this week. I’d expect selling interest to be solid in and around this level;
- USD/CAD should find plenty of buying interest on the approach to 1.0900 after taking out some chart resistance earlier this week.
Buying $ against either currency with a 30 pip stop and a 60 pip profit target certainly seems to make sense (if you are that way inclined).