NZD/CAD: at 1-year highs

NZD/CAD: at 1-year highs

2020-07-02 • Updated

In December 2019, NZD/CAD traded at 0.8800. Since then, it never came close to that mark. In May, however, it made confident move upwards and eventually traded the entire June right below that resistance. It seems that the risky side finally took over and pushed NZD/CAD above that mark.

Currently, it is looking at 0.8870 - that is a strategic resistance left by July 2019. Very likely, a consolidation or sideways movement will occur at that level similar to how it was below 0.8800. After that, it will probably be crossed upwards. Watch out for possible downward reversals, though, - key levels like changing the direction.

NZDCADDaily.png

                                                                                                    LOG IN

Similar

Gold Holding Well Above 1775
Gold Holding Well Above 1775

Gold Daily Chart Throughout last week’s trading, gold traded within a tight range, but it also managed to hold well above its 1775 support area until the end of the week, while the technical indicators has improved over the past few days, including…

Gold Trade Hit Short-Term Target
Gold Trade Hit Short-Term Target

4H Chart  Daily Chart  Gold managed to rise further at the end of last week’s trading, reaching our short-term target at 1750 and 1780 mentioned in our weekly video market update and in our previous daily notes…

Latest news

PAIRS TO WATCH FOR REVERSALS THIS MONTH

Over the last couple of weeks, GBPUSD and a few other commodities have breached their recent swing highs and lows, while some have even gone on to create new All-Time Highs and Lows

It’s Time to Look at New Zealand
It’s Time to Look at New Zealand

Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera