🔹 Pair: NZD/CAD
🔹 Timeframe: 1H
🔹 Direction: Long
🔹 Status: Breakout of resistance → waiting for retest at turncoat support
🔹 Entry Zone (Planned): 0.8250–0.8260
NZD is the top gainer this week with strong conditional momentum and seasonal strength. CAD is stagnating under weak macro support. We're now watching for a pullback to the breakout zone for an ideal long entry.
Will look to enter between 0.8250–0.8260, SL under 0.8230, and aiming for 0.8295+.
📊 Macro & Fundamental Confluence
🇳🇿 NZD – Bullish
Biggest Weekly Gainer: Conditional score surged 🚀 from 8 → 13
Seasonal Bias: Strong buy signal from mid-May onward
Central Bank: RBNZ remains hawkish amid stable inflation targets
Risk-On Regime: VIX < 20 favors high-beta currencies like NZD
🇨🇦 CAD – Bearish
Policy vs Data Mismatch: BoC hawkish, but weak retail & CPI data
Global Headwinds: Commodity weakness and trade risks weigh on CAD
🧩 Confluences
✅ NZD macro & conditional strength
✅ CAD stagnation
✅ Risk-on favors NZD
✅ Technical breakout + higher high confirmed
🔹 Timeframe: 1H
🔹 Direction: Long
🔹 Status: Breakout of resistance → waiting for retest at turncoat support
🔹 Entry Zone (Planned): 0.8250–0.8260
NZD is the top gainer this week with strong conditional momentum and seasonal strength. CAD is stagnating under weak macro support. We're now watching for a pullback to the breakout zone for an ideal long entry.
Will look to enter between 0.8250–0.8260, SL under 0.8230, and aiming for 0.8295+.
📊 Macro & Fundamental Confluence
🇳🇿 NZD – Bullish
Biggest Weekly Gainer: Conditional score surged 🚀 from 8 → 13
Seasonal Bias: Strong buy signal from mid-May onward
Central Bank: RBNZ remains hawkish amid stable inflation targets
Risk-On Regime: VIX < 20 favors high-beta currencies like NZD
🇨🇦 CAD – Bearish
Policy vs Data Mismatch: BoC hawkish, but weak retail & CPI data
Global Headwinds: Commodity weakness and trade risks weigh on CAD
🧩 Confluences
✅ NZD macro & conditional strength
✅ CAD stagnation
✅ Risk-on favors NZD
✅ Technical breakout + higher high confirmed
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.