NZD/CAD:FUNDAMENTAL FORECAST + PRICE ACTION | SHORT SETUP 🔔

New Zealand Manufacturing Sales for the first quarter increased 4.3% quarterly. Forex traders can compare this to New Zealand Manufacturing Sales for the fourth quarter, which increased 2.1% quarterly. New Zealand ANZ Business Confidence for June was reported at -0.4. Forex traders can compare this to New Zealand ANZ Business Confidence for May, reported at 1.8.

The Bank of Canada is predicted to keep interest rates unchanged at 0.25%. Forex traders can compare this to the previous Bank of Canada Interest Rate Decision, where interest rates were kept unchanged at 0.25%.

The forecast for the NZD/CAD remains bearish.