Policy Divergence: BoC and RBNZ Take Opposing PathsGreetings Traders,
In today's trading session, our focus is on NZDCAD, where we see a promising buying opportunity emerging around the 0.83500 zone. NZDCAD has been traversing a downtrend but is currently undergoing a correction phase, drawing nearer to the retrace area near the 0.83500 support and resistance zone.
Adding depth to our analysis, recent fundamental developments are worth noting. Just yesterday, the Canadian CPI figures came in softer than anticipated. Meanwhile, during the night, the Reserve Bank of New Zealand (RBNZ) issued some notably hawkish guidance.
This sets an interesting stage: while the Bank of Canada (BoC) is poised to initiate rate cuts come June, the RBNZ appears to be steering clear of such measures for the time being. This subtle policy divergence introduces a compelling dynamic that suggests NZDCAD may continue its upward trajectory.
In summary, the confluence of technical retracement and fundamental policy disparities presents an opportune moment for traders to consider a bullish stance on NZDCAD.
CADNZD trade ideas
NZDCAD: Structure AnalysisNZDCAD: Structure Analysis
In this video, I have explained NZDCAD analysis for a structure perspective.
📺You may watch the video for further details📺
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
NZDCADIs NZDCAD exhausting at strong resistance level?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after reaching at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 0.8200 followed by 0.8100.
What you guys think of it?
NZDCAD on daily timeframe moving in bearish channel testing the resistance zone
bearish harmonic pattern with bearish diversion at 4hr timeframe
fundamental analysis : bearish
technical analysis : bearish
news cad expected inflation to go down
sentimental : bearish
entry level 0.8310
stop Loss 0.8376
Risk Reward 1:1 0.8244
Risk Reward 1:2 0.8178
Risk Reward 1:3 0.8112
good luck
NZDCAD - Expect retracement ✅Hello traders!
‼️ This is my perspective on NZDCAD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look only for long position. I expect price to make a retracement to fill that huge imbalance and then to reject from bullish order block.
Fundamental analysis: This week on Wednesday (GMT+3) we will see results of Cash Rate on NZD, news with high impact on currency.
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