Why NZD?
✅ Strong Exports: NZ posted a $1.2B trade surplus (dairy & goods booming).
✅ Economy Improving: GDP growing at 1.4%, RBNZ supportive.
✅ USD Weakness: NZD rising as the US dollar loses steam.
Why CAD Could Struggle?
⚠️ Oil Dependency: If crude prices drop, CAD suffers.
⚠️ US Trade Risks: Trump tariffs could hurt Canada.
⚠️ High Unemployment: 7% and rising—pressures BoC.
Trade Setup
🔹 Buy NZD/CAD (expect NZD to rise vs CAD).
🔹 Watch: NZ trade data, oil prices, US-Canada trade news.
What Could Go Wrong?
❌ Oil spikes → CAD strengthens.
❌ US-NZ trade issues → NZD weakens.
Verdict: NZD looks stronger short-term—good odds for this trade. 🚀
✅ Strong Exports: NZ posted a $1.2B trade surplus (dairy & goods booming).
✅ Economy Improving: GDP growing at 1.4%, RBNZ supportive.
✅ USD Weakness: NZD rising as the US dollar loses steam.
Why CAD Could Struggle?
⚠️ Oil Dependency: If crude prices drop, CAD suffers.
⚠️ US Trade Risks: Trump tariffs could hurt Canada.
⚠️ High Unemployment: 7% and rising—pressures BoC.
Trade Setup
🔹 Buy NZD/CAD (expect NZD to rise vs CAD).
🔹 Watch: NZ trade data, oil prices, US-Canada trade news.
What Could Go Wrong?
❌ Oil spikes → CAD strengthens.
❌ US-NZ trade issues → NZD weakens.
Verdict: NZD looks stronger short-term—good odds for this trade. 🚀
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.