(Last Updated September 12, 2022 1:43 GMT)
Currently, NZDCAD’s rate is up 15 pips (0.19%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as NZDCAD has now gone down 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
NZDCAD End of Day Recap
Updated 00:30 GMT (04:30 EST)
NZDCAD entered today at 0.79627938, up 39 pips (0.49%) from yesterday. Relative to other instruments in the Forex asset class, NZDCAD ranked 6th yesterday in terms of percentage price change. Let’s take a look at price chart of NZDCAD.
NZDCAD Technical Analysis
Coming into today NZDCAD is now close to its 20, 50 and 100 day moving averages, which may act as price barrier for the asset. Volatility for NZDCAD has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 7 out of the past 10 days.
The View From Around the Web
Not much commentary on NZDCAD that we’re finding noteworthy here; guess people aren’t watching this one :). Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.
Price took out previous structure low point. Also changed character & currently giving a return to impulse leg a confirmation is required to be sure I see price doing up to the %50 FIBS level https://www.tradingview.com/x/5PzOMKaV/