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Can you believe we’re already at the end of the trading week? Get yo last-minute pips with these trend and range setups on NZD/USD and EUR/CAD!

NZD/USD: Daily

NZD/USD Daily Forex Chart
NZD/USD Daily Forex Chart

First up is a nice range trade on NZD/USD. As you can see, Kiwi is hanging around the .6800 psychological handle, which marks the mid-range level for NZD/USD.

What makes the setup more interesting is that stochastic is about to hit oversold territory.

Will we see a bounce from the level? Or will the bears maintain their momentum and force a retest of the .6725 range support?

Watch this one closely, brothas!

EUR/CAD: Daily

EUR/CAD Daily Forex Chart
EUR/CAD Daily Forex Chart

Range-trading not your style? Here’s a trend play for ya! EUR/CAD is flirting with the 1.5200 major psychological handle, which is just above a rising trend line that hasn’t been broken since the start of the year.

Are we looking at a long opportunity here? Buying at the earliest signs of bullish momentum could get you a decent reward-to-risk ratio especially if you aim for the previous highs near 1.6100.

If you’re one of them euro bears, though, then you could also wait for a decisive break below the trend line that we’ve marked and aim for a retest of the 1.5000 or even 1.4500 areas of interest.

Forex Chart Settings:

Slow Stochastic: 14,3,3
100 SMA: Blue line
200 SMA: Red line