Get started

NZDCAD

Bullish bounce?NZD/CAD has bounced off the pivot, a pullback support that aligns with the 38.2% Fibonacci retracement, and could rise to the 1st resistance. Pivot: 0.7977 1st Support: 0.7943 1st Resistance: 0.8063 Disclaimer: The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended to be informative only, and are not advice, a recommendation, research, a record of our trading prices, an offer of, or solicitation for, a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation, or needs of any specific person who may receive it. Please be aware that past performance is not a reliable indicator of future performance and/or results. Past performance or forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or any information supplied by any third party
Long
by IC Markets
Will NZD/CAD Extend Lower? Bearish Structure and Level Guide🎯 NZD/CAD BEARISH SWING TRADE | Multi-Layer Entry Strategy 📉 💱 Asset Overview Pair: NZD/CAD (New Zealand Dollar vs Canadian Dollar) Market: Forex Trade Type: Swing Trade (Bearish Setup) Timeframe: Multi-day to Multi-week 📊 Technical Analysis & Trade Setup 🔴 Bearish Confirmation Signals: ✅ Moving Average pullback indicating trend reversal ✅ Strong support level breakout confirmed ✅ Price action showing distribution pattern ✅ Momentum shifting to sellers' control 🎯 TRADE EXECUTION PLAN 📍 Entry Strategy: "THIEF Layering Method" Multi-Limit Order Approach (Scaling into position): 🔹 Layer 1: Sell Limit @ 0.79500 🔹 Layer 2: Sell Limit @ 0.79250 🔹 Layer 3: Sell Limit @ 0.79000 💡 Note: You can add more layers based on your capital allocation and risk management strategy. This layering approach helps average your entry price and reduces timing risk. 🛑 Stop Loss Management Thief's SL: 0.79600 ⚠️ IMPORTANT DISCLAIMER: Dear Ladies & Gentlemen (Thief OG's) - This is MY stop loss level based on my strategy. YOU MUST adjust your SL according to: Your own risk tolerance Your account size Your trading strategy Your position sizing Trading is YOUR responsibility. Manage your risk accordingly! 🎯 Take Profit Target Primary Target: 0.78200 📍 Target Reasoning: Strong historical support zone Oversold conditions expected Potential bull trap area - ideal profit-taking zone ⚠️ IMPORTANT DISCLAIMER: Dear Ladies & Gentlemen (Thief OG's) - This is MY target based on technical analysis. YOU decide when to take profits based on: Your profit goals Market conditions Your trading plan Risk-reward ratio Secure your profits at YOUR comfort level! 🔗 Related Pairs to Watch (Correlation Analysis) 📈 Correlated USD Pairs: 1️⃣ NZD/USD (Kiwi Dollar Index) Direct correlation with NZD/CAD If NZD/USD weakens → supports our bearish NZD/CAD trade Watch for: RBNZ policy signals, New Zealand economic data 2️⃣ USD/CAD (Loonie) Inverse correlation with NZD/CAD If USD/CAD strengthens → CAD strength supports our trade Key factors: Oil prices (CAD is commodity-linked), BoC policy 3️⃣ AUD/CAD (Aussie/Loonie) Strong correlation (both antipodean currencies) Similar risk-on/risk-off behavior Watch: Commodity prices, China economic data 4️⃣ AUD/NZD (Trans-Tasman Cross) Shows relative strength between similar economies If trending down → NZD weakness confirmed Key for: Regional risk sentiment 🔑 Key Fundamental Factors to Monitor: 🇳🇿 New Zealand Drivers: RBNZ interest rate decisions Dairy prices (major export) GDP & employment data China economic health (largest trading partner) 🇨🇦 Canadian Drivers: Bank of Canada policy stance Crude oil prices (Canada's major export) US economic data (largest trading partner) Employment & inflation figures 🌍 Global Risk Sentiment: Commodity price trends Risk-on vs risk-off flows US Dollar strength/weakness Global growth outlook ⚡ Risk Management Reminders: ✔️ Never risk more than 1-2% of your account per trade ✔️ Use proper position sizing across all layers ✔️ Monitor correlations - avoid overexposure to similar trades ✔️ Set alerts for key technical levels ✔️ Be prepared to adjust if fundamentals shift Trade at your own risk. Only invest capital you can afford to lose. 🔔 Follow for More Trade Ideas | 👍 Like if You Find Value | 💬 Share Your Thoughts Below! Good luck, Thief OG's! Trade safe, trade smart! 💰📊
Short
by The-Thief
NZDCAD Will Move Lower! Short! Here is our detailed technical review for NZDCAD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 0.805. Considering the today's price action, probabilities will be high to see a movement to 0.803. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
NZDCAD: About to complete a correction before the next move.Hey TradingView community! FX:NZDCAD is about to complete a corrective structure to grab liquidity before the next up wave. So any buy setup we get under the previous Higher Lows, we will go for it. Always remember WTW 4 Golder Rules: 1) Do not jump in 2) Do not over risk/trade 3) Do not trade without Stop Loss 4) Never ever add to a losing position! Trade with care We Trade Waves WTW Team Disclosure: We are part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in our analysis.
Long
by WeTradeWAVES
NZDCAD - Short Term Buy IdeaH4 - Strong bullish move. Downtrend line breakout. Higher highs. Currently it looks like a pullback is happening. Until the two Fibonacci support zones hold I expect the price to move higher further. If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀 ----------------------------------------------------------------------------------------------------------------
Long
by VladimirRibakov
NZDCAD: Watch this Key Support reactionPrice has been in a steady downtrend for a long while, respecting that descending trendline over and over again. Every touch was sold off, until recently. When price reached a key support zone and sent price back upward. The reaction from that area is visibly strong. We then got a clean breakout above the trendline, showing us the first real sign of a possible reversal. Right after the breakout, price pulled back. If momentum holds, my expectation is for price to push higher toward the next key level around 0.81160, completing the transition from bearish pressure into a new bullish leg. If the support breaks, the whole idea weakens. But for now, buyers are showing up exactly where they’re supposed to.
Long
by TrendDiva
14
NZDCAD Will Go Up! Long! Take a look at our analysis for NZDCAD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 0.802. Considering the today's price action, probabilities will be high to see a movement to 0.810. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
2
NZD/CAD BEARISH BIAS RIGHT NOW| SHORT Hello, Friends! NZD/CAD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 3H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 0.794 area. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
NZDCADHello Traders! 👋 What are your thoughts on NZDCAD? NZD/CAD has been moving in a continuous downward structure and has now reached a key support zone. In this area, we expect a positive reaction from the price. At the moment, the descending trendline is preventing further bullish movement, but we expect that at this stage the price will manage to break above it and reach the projected targets. Therefore, you can wait for the descending trendline to break, and after the breakout, enter on the pullback. Don’t forget to like and share your thoughts in the comments! ❤️
Long
by HAMED_AZ
16
NZD/CAD BEARS ARE STRONG HERE|SHORT Hello, Friends! The BB upper band is nearby so NZD-CAD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 0.788. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1