NZDCAD Bearish at 0.8900 and Heading South 0.8300

The NZDCAD was turned to upward in short term but the RBNZ interest rate cutting to change the interest rate differential structure and result the NZDCAD turned back to downward/bearish. The measured turing at 0.8900 by using time series interest rate differential based-currency band (interdays high/low). The pair now is heading to downward for revisiting the 0.8700 and to break that level in short term. It is possible to revisit 0.8300 in medium term. The actual rate however is subject to the average traded weighted rate of CAD to major currencies by their interest rate differential prices.

Short trade of the interdays high to low and extended to lower for medium term 0.8300 could be feasible.