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NZDCAD trade ideas

OK????I'm currently monitoring a potential Wave 5 setup, but Wave 4 is still unfolding. The market has completed Waves 1 through 3 with clear impulsive behavior, and now it's in a corrective phase, forming Wave 4 — likely a complex correction or a running flat. What's interesting here is that price is retracing into a zone filled with clean, well-structured bullish order blocks on the H1 and H4 timeframes. These OBs are aligned with premium Fibonacci retracement levels (61.8%-78.6%) and are showing early signs of absorption and rejection, suggesting institutional interest. Once Wave 4 completes and we get a valid BOS or CHoCH to the upside, I’ll be looking for a high-probability long entry from within the refined OB zone. The goal is to catch the beginning of Wave 5, ideally aiming for a new high or an extended fifth. This setup blends Elliott Wave theory with smart money concepts, offering a confluence-rich, high R:R opportunity if confirmed.
Long
by soroushshahabi639
NZDCAD Will Go Lower! Short! Here is our detailed technical review for NZDCAD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 0.825. The above observations make me that the market will inevitably achieve 0.816 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
NZDCAD – Range Play, Resistance RetestNZDCAD – Consolidation Within Neutral Range as Market Eyes Fed Developments The NZDCAD currency pair is currently exhibiting strength within the confines of a well-defined neutral trading range. This stabilization is largely underpinned by the recent corrective pullback in the U.S. dollar, which has provided short-term support for the New Zealand dollar. However, questions remain about the sustainability of this momentum, especially with significant macroeconomic events looming on the horizon — most notably, the Federal Open Market Committee (FOMC) meeting and the subsequent speech by Federal Reserve Chair Jerome Powell. At present, NZDCAD is trading within a localized range, and price action is gravitating toward the key liquidity zone around the 0.8317 level. This area has become a focal point for market participants, as it represents a notable level of interest where prior price reactions have occurred. The pullback in the U.S. dollar has temporarily shifted sentiment in favor of the NZD, but this may prove short-lived depending on upcoming policy signals from the Federal Reserve. From a technical standpoint, the currency pair is constrained between strong resistance at 0.83175 and a cluster of support levels located at 0.82644, 0.8235, and 0.8225. The proximity of these levels reinforces the neutral bias and increases the likelihood of short-term whipsaws or potential false breakouts. Traders should exercise caution in positioning aggressively within this zone, particularly ahead of fundamental catalysts that could swiftly reshape market dynamics. Market sentiment is increasingly focused on the tone and direction of Fed policy. Should the FOMC or Chair Powell deliver signals that point toward a more hawkish policy trajectory — whether through immediate action or forward guidance — the U.S. dollar could regain strength rapidly. This would likely exert downward pressure on NZDCAD, potentially driving the pair back toward the lower bounds of its trading range or beyond. Conversely, any dovish surprises or indications of policy patience could extend the current reprieve for the NZD, enabling a continued challenge of the upper resistance area. However, given prevailing expectations for a firm stance by the Fed amid ongoing inflationary concerns, the market is pricing in a scenario where dollar strength could reassert itself — possibly leading to a reversal in NZDCAD’s recent strength. In conclusion, while NZDCAD remains technically range-bound for now, the landscape is ripe for volatility. The confluence of resistance near 0.8317 and heightened anticipation around Fed-related news points to a critical juncture for this pair. Traders should monitor price action closely, remain aware of potential false breakouts, and align short-term strategies with the broader macro narrative that will emerge following the FOMC decision and Powell’s speech.
by lonelyPlayer0
NZDCAD – 15M Technical & Fundamental AnalysisNZDCAD – 15M Technical & Fundamental Analysis On the 15-minute chart, NZDCAD has been consistently forming higher highs and higher lows, showing bullish momentum until price reached and broke through the minor key resistance at 0.82800. Following the breakout, price accumulated buy orders above this level, forming a liquidity trap. After the accumulation phase, the market moved downward into the liquidity zone to hunt for stop orders. Now, price is showing signs of recovery and is preparing for a potential breakout move. Our area of interest lies at 0.82820 for a buy stop entry, joining the bullish momentum. Our risk management is placed at 0.82640 (below the liquidity zone), and the target is a potential move toward 0.90650. Fundamental Analysis: Positive NZD News: New Zealand’s Unemployment Rate came in stronger than expected at 5.1% (forecast: 5.3%), indicating a healthier labor market. This supports NZD strength and investor sentiment. Weak CAD Outlook: The Canadian Dollar remains pressured due to disappointing economic indicators, including sluggish growth and weakening oil prices—both of which tend to weigh heavily on the CAD. Moreover, the Bank of Canada’s dovish stance has reduced expectations for any immediate tightening, further dampening the CAD's appeal. Summary: With bullish technical structure and positive fundamentals supporting the NZD, alongside a softening CAD outlook, NZDCAD is well-positioned for a continued upward move. Traders may monitor price action closely near 0.82820 for a potential breakout opportunity. 📌 Disclaimer: This is not financial advice. As always, wait for proper confirmation before executing trades. Manage your risk wisely and trade what you see, not what you feel.
by RebornFXTrader
NZDCAD Will Go Lower From Resistance! Short! Here is our detailed technical review for NZDCAD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 0.827. The above observations make me that the market will inevitably achieve 0.824 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
NZDCAD – 1H Bearish Divergence + Strong ResistanceNZDCAD – 1H Bearish Divergence + Strong Resistance 🔻 ✅ Setup Summary: Timeframe: 1 Hour Signal: Bearish Divergence (Price making higher highs, oscillator making lower highs) Structure: Approaching or reacting from a strong resistance zone Bias: Short-term bearish reversal expected 🔍 Confluences: Bearish Divergence spotted on RSI/MACD Price is testing or wicking into a previous supply zone / structure resistance Potential fake-out or exhaustion near resistance 📉 Trade Plan – SHORT Setup Entry: On bearish confirmation candle (engulfing, shooting star, etc.) Or trendline break on LTF (15min-30min) Stop-Loss: Above resistance or most recent swing high Take-Profit Targets: TP1: Minor support or 0.382 fib retracement TP2: 0.618 fib level / recent low TP3: Demand zone or 1H trendline touch R:R Target: Minimum 1:1.5, ideally 1:2 ⚠️ Risk Factors: Watch CAD volatility (oil-related moves) If price breaks and holds above resistance, invalidate setup Confirm with volume or structure shift
Short
by MAAwan
Why I think NZDCAD is bearish!!!Hello traders Hope you are having a wonderful week. A trendline with more than three touches. I went to the 2h so that you can see this divergence better. This is an RSI divergence which is showing us the weakness on this uptrend. As we look at this pivot we can see that If we sell we would be respecting the pivot as I always buy above the pivot and sell below the pivot as it acts as resistance giving me a safe spot to put my Sl. After putting the daily high low indicator we can see that breaking the white line will result in breaking a 3day resistance that we could not break out of. cherrs good luck!!!!
Short
by Linkhive001
NZDCAD: Short-Term Trading OutlookNZDCAD: Short-Term Trading Outlook NZD/CAD has dropped below a key structure zone on the 60-minute chart. Over the past two hours, the price has tested this area twice. There’s a good chance that a short-term bearish move could start from the resistance zone at 0.8295. If the price declines further, it may find strong support around 0.8265 and 0.8245. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by KlejdiCuni
8