On the news that Reserve bank of New Zealand decided to leave the interest rate on the same 1,00% NZD is strengthening against all other currencies and, of course, it is strengthening against CAD.
Technical analysis
On 1W TF after reaching its lowest low levels (support line) 0,83372 NZD reversed and started rising. Local trend line was broken up.
The targets for the price is 0,86346 (38,2% Fibonacci level)
On 1D TF there are signals to trade up from DMI lines and MACD lines. Despite the fact that the trend is still bearish (pay attention to 200-EMA) we hope that the local uptrend will continue
Fundamental analysis
On Friday 15-th at 2:45 a.m. GMT the BoC governor Poloz will speak and on Wednesday 20-th Canadian CPI and Core CPI are being published
Technical analysis
On 1W TF after reaching its lowest low levels (support line) 0,83372 NZD reversed and started rising. Local trend line was broken up.
The targets for the price is 0,86346 (38,2% Fibonacci level)
On 1D TF there are signals to trade up from DMI lines and MACD lines. Despite the fact that the trend is still bearish (pay attention to 200-EMA) we hope that the local uptrend will continue
Fundamental analysis
On Friday 15-th at 2:45 a.m. GMT the BoC governor Poloz will speak and on Wednesday 20-th Canadian CPI and Core CPI are being published