EIGHTCAP:NZDCAD   New Zealand Dollar / Canadian Dollar
Fundamentally NZD is bearish and CAD is bullish. NZD GDP contracted on the last print with no potential rate hikes. CAD on the other hand is bullish as markets are now pricing in the expected rate hike in January. Also Oil pricing rising lifting the cad with it, Dollar is correcting which gives the CAD even more strength.

Technically NZD/CAD broke a critical level with momentum a retest with convincing price action indicating a bearish momentum is a good trade
Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.