1️⃣ New Zealand extended its level three lockdown restrictions in Auckland until at least midnight on Sunday, reporting 7 fresh cases of the coronavirus as community transmission persists.
2️⃣ The of total retail sales in New Zealand declined a seasonally adjusted 14.6% in the second quarter of 2020, posting the largest drop in total sales since the series began in 1995.
1️⃣ CAD lifted by a rise in oil prices after tropical storms Marco and Laura hit the Gulf of Mexico and amid optimism about coronavirus treatments.
2️⃣ US Dollar Index ( DXY ) is staying on the back foot as the greenback struggles to grab investors' attention as a safe-haven.
- We shorting NZDCAD on level + SMA100 area + SBR level on H1 chart.
- NZDCAD in zone.
RISK TO THIS TRADE
This trade will hit stop loss if oil prices going down and market sentiment turns to risk-off mode.