NZD/CAD Fundamental Update (17.04.2025)

The NZD/CAD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.

Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.

Target Levels:
1st Support – 0.8138
2nd Support – 0.8077

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Note

Fundamental Updates : ⚠️⚠️

1️⃣.BoC Pauses Interest Rate Cuts.
The Canadian dollar got stronger, stopped lowering interest rates, which helped the Canadian dollar.

2️⃣. The dollar Weak, losing value because people are worried about new taxes on imports (tariffs) and are unsure about how these taxes will be applied. This uncertainty is causing investors to move their money to other countries.

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