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Market Spotlight: NZDCAD Breakout Hits First Target

NZDCAD Breaks OutThe rally in NZD on the back of the February RBNZ meeting overnight has seen the NZDCAD breakout idea from .8553 hitting its first target at .8631. With the retail market heavily...

Market Spotlight: NZDCAD Reversal Opportunities

Looking To BreakoutThe New Zealand Dollar has been one of the best performers this week as a hawkish shift in RBNZ expectations is helping support NZD. Given the heavily bearish sentiment we’d seen up...

Market Spotlight: NZDCAD Hits Final Target

The NZDCAD trend play initiated a fortnight ago from .8553 has now hits its final target at .8351. Weakness in NZD linked to the return of a nationwide lockdown there, as well as strength in CAD...

Market Spotlight: NZDCAD Heading to Second Target

NZDCAD Breakdown Looking GoodThe drop off in risk assets across the week has benefitted our NZDCAD sell idea very nicely. Price has now broken through the initial target at .8475 and is on course to...

NZDCAD, H4 | Short-term Bullish Bounce

Type: Bullish BounceKey Levels:Resistance: 0.85096Pivot: 0.84637Support: 0.84474Preferred Case:Price is abiding to the descending trendline resistance, signifying an overall bearish momentum. However,...

Market Spotlight: NZDCAD Hits First Target

NZDCAD Opens UpThe breakdown trade recently issued in NZDCAD has seen the market extending lower to reach its first target at .8475. Despite some corrective action, NZD is firmly back under pressure...

Market Spotlight: NZDCAD Trend Play

NZDCAD Looking To Break LowerNZDCAD has been moving in a broad bearish channel over the last year and price is now threatening to take another leg lower. NZD has been among the currencies hardest hit...

NZDCAD, H4 | Bearish Momentum

Type: Bearish ReversalKey Levels:Resistance: 0.88105Pivot: 0.87698Support: 0.86585Preferred Case:Prices are on bearish momentum and abiding to our bearish trendline. We see the potential for a Dip...

Market Spotlight: Trading Today's CAD Retail Sales

CAD Retail Sales Up NextOver a quiet pre-Christmas week, we have one of the few, key data releases today. Canadian retail sales for November are due and, given the hawkish BOC expectations in place,...