ForexProfitZone - NZD/CAD | New Zealand Dollar to Canadian Dollar Trading Analysis

NZD/CAD | New Zealand Dollar to Canadian Dollar Trading Analysis

Friday September 03, 2021

National Bank of Canada analysts say GDP growth should accelerate to an acceptable level in the third quarter, supported by commodity prices and weakening health care measures.

NZD/CAD,D1

Pivot: 0.8928

Analysis:

As long as price is above 0.8679 follow the recommendations below:

Time frame: D1
Recommendation: long position
Entry point: 0.8928
Take Profit 1: 0.9000
Take Profit 2: 0.9102

Alternative scenario:

If the level of 0.8679 is broken-down, follow the recommendations below:

Time frame: D1
Recommendation: short position
Entry point: 0.8679
Take profit 1: 0.8502
Take profit 2: 0.8397

Comment:

RSI indicates the potential for growth in the medium term.

Key levels:

Resistance --- Support

0.9208 --------- 0.8679

0.9102 --------- 0.8502

0.9000 --------- 0.8397

NZD CAD

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Tuesday August 31, 2021

GBP/NZD Forecast Fundamental Analysis | British Pound / New Zealand Dollar

The New Zealand ANZ Activity Outlook for August increased 19.2%, and ANZ Business Confidence was reported at -14.2. Forex traders can compare this to the New Zealand ANZ Activity Outlook for July, which increased 26.3%, and ANZ Business Confidence reported at -3.8.