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NZDCAD

(Last Updated February 24, 2021)

Hello! This is the news page for NZDCAD. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:

Forex Calendar for NZDCAD

metric_name reference_period asset_name asset_id date time forecast outcome
New Zealand Interest Rate Decision 2021 New Zealand Dollar NZD 2021-02-24 01:00 GMT 0.25% 0.25%
New Zealand RBNZ Press Conference NA New Zealand Dollar NZD 2021-02-24 02:00 GMT
New Zealand Balance of Trade Jan 2021 New Zealand Dollar NZD 2021-02-25 21:45 GMT

The Trend

If we observe the 90 and 30 day timeframes, we see an uptrend in place for NZDCAD.

NZDCAD Moving Averages

Across several time periods between 20 and 200 days, the trend on NZDCAD has remained consistently bullish.

The chart below illustrates.

In terms of correlations over the past week for NZDCAD, it has demonstrated the strongest correlation with NZDUSD. NZDCAD has been most correlated with NZDUSD over the past 14 days also, so this may be a recurring pattern. Alternatively, USDNOK has been the asset least correlated with NZDCAD — but over the past two weeks, CADJPY has been the asset least correlated with NZDCAD. See the chart below to observe the recent price action in NZDCAD versus those of assets it hasn’t been well correlated with.

.

The View From the Weekly Timeframe

At the moment, NZDCAD’s rate is up 35 pips (0.38%) from the week prior. NZDCAD has seen its price go up 4 out of the past 5 weeks, thus creating some compelling opportunities for bulls. As for the trend on the weekly timeframe, we see the clearest trend on the 20 week timeframe. Looking further out, the moving averages on the weekly 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’s weekly price action over the past 52 weeks can be seen via the chart below.

NZDCAD: The Monthly View

Strongest trend on the 120 month timeframe.

NZD/CAD Up 12 Pips Over Past Hour, Makes Big Move Relative to Two Week Trend; Doji and Pin Bar Patterns Appearing on Chart

Categories Forex News Tags NZDCAD
February 24, 2021

This is a reversal of the price action on the previous hour, in which price moved down.

NZDCAD Down 4 Pips in Last Hour, Makes Big Move Relative to Two Week Trend; 3 Day Up Streak Broken

Categories Forex News Tags NZDCAD
February 24, 2021February 23, 2021

Compared to its peers in the forex, nzdcad gave its buyers a return that ranked 25th in terms of percentage change since yesterday.

NZDCAD Up 12 Pips in Last Hour, Makes Big Move Relative to Past Two Months; Entered Today Up For the 3rd Straight Day

Categories Forex News Tags NZDCAD
February 24, 2021February 22, 2021

Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.

NZDCAD Down 6 Pips On Hourly Chart, Makes Big Move Relative to Past Two Months; Moves Up For the 2nd Consecutive Day

Categories Forex News Tags NZDCAD
February 22, 2021February 19, 2021

Bulls may note that this suggests a buy/sell ratio that is infinite.

NZDCAD Up 5 Pips On Hourly Chart, Makes Big Move Relative to Past Month; in an Uptrend Over Past 90 Days

Categories Forex News Tags NZDCAD
February 19, 2021February 18, 2021

Relative to other instruments in the forex asset class, nzdcad ranked 12th the day prior in terms of percentage price change.

NZDCAD Up 10 Pips On Hourly Chart, Makes Big Move Relative to Past Month; Social Sentiment Biased Towards Selling

Categories Forex News Tags NZDCAD
February 19, 2021February 17, 2021

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down.

NZDCAD Up 4 Pips in Last Hour, Makes Big Move Relative to Past Two Months; Breaks Below 50 Day Average

Categories Forex News Tags NZDCAD
February 17, 2021February 16, 2021

Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed down.

NZDCAD Up 2 Pips in Last Hour, Makes Big Move Relative to Two Week Trend; in an Uptrend Over Past 90 Days

Categories Forex News Tags NZDCAD
February 16, 2021February 15, 2021

Of note is that the 20 hour changed directions on nzdcad; it is now pointing down.

NZDCAD Down 8 Pips in Last Hour, Makes Big Move Relative to Past Month; Crosses 20 Day Moving Average

Categories Forex News Tags NZDCAD
February 15, 2021February 12, 2021

If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.

NZDCAD Up 12 Pips Over Past Hour, Makes Big Move Relative to Two Week Trend; is Inching Close to 20 Day Average

Categories Forex News Tags NZDCAD
February 12, 2021February 11, 2021

This move is a reversal from the hour prior, which saw price move down.

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