NZDCAD Price broke a Major Support Level (0.80567-0.80784) and formed new lower low before reversing sharply to the upside, price is currently at Major resistance level at (0.81290 - 0.81091).
NEW ZEALAND DOLLAR / CANADIAN DOLLAR forum
NZDCAD Price broke a Major Support Level (0.80567-0.80784) and formed new lower low before reversing sharply to the upside, price is currently at Major resistance level at (0.81290 - 0.81091).
NZDCAD See you at the top
NZDCAD end of ride...ready to slide... shorted 🥝
📉 ...SNC @ .8080
test n see 🙈
NZDCAD NZDCAD 4H Timeframe – Technical & Fundamental Analysis
Fundamentals:
The New Zealand economy is showing signs of broadening slowdown, according to BNZ high-frequency data. Trade performance is expected to weigh on growth in coming quarters, and the HYEFU (Half-Year Economic and Fiscal Update) points toward weaker outlook ahead. With inflation trending down, the RBNZ may shift toward a more dovish stance, reducing NZD’s attractiveness.
Meanwhile, Canada’s July GDP posted a +0.2% rebound after months of contraction, signaling underlying strength in the Canadian economy. This resilience could provide support for CAD relative to NZD.
Technicals:
Price broke below the major key support at 0.80600, signaling weakness.
Following the breakout, price consolidated and accumulated sell positions under this level.
A possible liquidity grab above 0.80600 may occur before resuming the bearish move.
Our point of interest lies below 0.80560, aligning with the bearish structure and fundamentals.
NZDCAD Just opened my sell order. Target is over 200pipsNZDCAD Whatever you do, it's only going to buy short term. Price is heading more down in the long term to 78282
NZDCAD kiwi is complete trashNZDCAD ripe n ready to buckle 📉
shorted...SNC @ .8111
test n see 🙈
NZDCAD Price is at major Support Level.
NZDCAD My intuition it's to go long at 0.81116