(Last Updated April 7, 2020)
Welcome to the news page for NZDCAD. Below you’ll find our daily market updates. Here’s a summary of where things currently stand:
The Latest News On Trends by Moving Averages
Here is what the moving averages are indicating about the trend in the rate of NZDCAD:
20 Day Moving Average Direction: bullish
50 Day Moving Average Direction: bearish
100 Day Moving Average Direction: bearish
200 Day Moving Average Direction: bearish
How the Current NZDCAD Rate Fares Relative to the Past Year?
The exchange rate for NZDCAD closed yesterday at 0.8391962. On a relative basis, that puts the pair closer to its 52 week low (currently at 0.79899403) than its 52 week high (now at 0.8901011).To dig deeper and get the latest news on NZDCAD, try the links below. You can also visit the MarketWatch or Investing.com pages on NZDCAD for more news as well.
The price move occurred on volume — and we’re using the number of tick price changes as a proxy for volume — that was down 18.68% from the day prior, but up 47.2% from the same day the week before.
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
The price move occurred on volume — and we’re using the number of tick price changes as a proxy for volume — that was up 30.19% from the day prior, but down 6.79% from the same day the week before.
Out of the 40 instruments in the forex asset class, nzd/cad ended up ranking 31st for the day in terms of day-over-day price change.
For additional context, note that price has gone up 7 out of the past 10 days.
The price move occurred on stronger volume, as measured by the number of tick price changes; specifically, yesterday’s volume was up 75.67% from the day prior, and up 54.96% from the same day the week before.
As for the rationale, technical traders seem to be citing the appearance of fibonacci and relative strength index technical patterns.
The closest is the 200 day average, which is 76.1 pips away.
This imputes a buy/sell ratio of 1.6, which is bullish.
The price move occurred on volume — and we’re using the number of tick price changes as a proxy for volume — that was down 13.64% from the day prior, but up 83.5% from the same day the week before.