Hazzaz_hx

Hazzaz_hx

RBA & BOC Monetary Policies: The Reserve Bank of Australia and the Bank of Canada control the supply of money in the market, to keep the economy on track. A dovish policy, which is also known as expansionary policy, from either of the central banks, weakens the related currency. In contrast, a hawkish monetary policy (contractionary policy) strengthens the currency.

Hazzaz_hx

The NZDCAD is a quotation that expresses the relationship between the New Zealand dollar and the Canadian dollar. It belongs to commodity quotes as the countries' export volumes impact its rate. When analyzing the pair, consider data on New Zealand's and Canada's trading partners. The NZDCAD rate depends on GDP, interest rates, inflation, labor market stats, and...

Hazzaz_hx

For now, risk will stay on the upside as long as 1.6127 support holds, in case of retreat. In the bigger picture, fall from 1.7062 medium term top is seen as correcting the whole up trend from 1.4281 (2022 low). Deeper decline could still be seen to 38.2% retracement of 1.4281 to 1.7062 at 1.6000.