-
- Interest Rate2.25
- Inflation Rate MoM0.9
- Inflation Expectations2.53
- Retail Sales MoM0.9
- GDP Growth Rate0.8
- GDP m/m
- Manufacturing PMI49.9
- Services PMI 47.5
- Unemployment Rate5.3
-
- 2.25Interest Rate
- 0.4Inflation Rate MoM
- 3.98Inflation Expectations
- 1Retail Sales MoM
- 0GDP Growth Rate
- 0.4GDP m/m
- 52.9Manufacturing PMI
- 50.6Services PMI
- 6.6Unemployment Rate
Day Trading
Short Term/Scalp Opportunity
Waiting for confirmations
Swing Trading
Long Term Opportunity
Short at major resistance areas
✅
Fundamental Bias is Bearish
✅
Forecast is Bullish
✅
Trend is SELL
Dynamic resistance at R3 (0.81766) and R4 (0.81954) could be apropos entries
- 2026-06-20 13:32 UTCRISK-OFF: Investors become risk-averse, favoring safer assets during uncertain or negative market conditions
Risk-ON: Investors are willing to take risks, often seen during positive market sentiment. They may invest in higher-risk assets
MIX: Risky/Safe assets trades together
| R1: | S1: | ||
|---|---|---|---|
| R2: | S2: | ||
| R3: | S3: | ||
| R4: | S4: |
Daily:
H1:
M30:
M5:
Signal
Nutral
Buy
Nutral
Over Sold
waiting...
Pivot Points
Pivot: 0.81441
S1: 0.81120
S2: 0.80928
S3: 0.80607
R1: 0.81633
R2: 0.81954
R3: 0.82146
NZDCAD, Retail traders Sentiment
NZDCAD, Retails Liquidity history
>Newseeland Dollar
Net Positions:
Previous -28,246
Current -31,571
Changes -3325 -12%>Canadian Dollar
Net Positions:
Previous -94,111
Current -119,999
Changes -25888 -28%
Licensed User access
Base: NZD
Interest rate: 2.25%
New Zealand 10Y Bonds: 4.463 , chg: -0.002 (-0.040%)
Fundamental Bias: Bearish Weak
Fundamental Score: 6
COT POS: NZD: -31571 pos, last change: -12% (-3325 contracts)
Retail Short pos ratio: 0%
Retail trader Sell position: 0
Retail trader Sell volume: 0 lot
Distance to Resistance R4 (0.81954): 0.00656
Quote: CAD
Interest rate: 2.25%
Bonds, Canada 10Y: 3.397 , chg: 0.023 (0.680%)
Fundamental Bias: Neutral --
Fundamental Score: 6
COT POS: CAD: -119999 pos, last change: -28% (-25888 contracts)
Retail Long pos ratio: 100%
Retail trader Long position: 0
Retail trader Buy volume: 0 lot
Distance to Support S4 (0.80628): 0.00670
Forecast by Ziwox AI
Bearish Weak
Reserve Bank of New Zealand (RBNZ) rate: 2.25%
Monetary Policy: Hawkish Last change: Nov 26, 2025 (-25bp)
Neutral
Bank of Canada (BOC) rate: 2.25%
Monetary Policy: Dovish Last change: Oct 29, 2025 (-25bp)
Economic compare
-
- Interest Rate2.25
- CPI y/y3.1
- Inflation Rate MoM0.9
- Producer Prices Change2.2
- Core Inflation Rate MoM
- Consumer Price Index CPI1339
- Inflation Expectations2.53
- Retail Sales MoM0.9
- Core Producer Prices MoM
- GDP Growth Rate0.8
- GDP m/m
- Manufacturing PMI49.9
- Services PMI 47.5
- Non Manufacturing PMI
- Unemployment Rate5.3
- Employment Rate66.7
- Initial Jobless Claims
- Non Farm Payrolls
- Average Hourly Earnings
- ADP Employment Change
- Balance of Trade800
- Consumer Confidence80.4
- Government Bond 10Y
- TOTAL SCORE0
-
- 2.25Interest Rate
- 2.8CPI y/y
- 0.4Inflation Rate MoM
- 13.6Producer Prices Change
- 0.2Core Inflation Rate MoM
- 168Consumer Price Index CPI
- 3.98Inflation Expectations
- 1Retail Sales MoM
- Core Producer Prices MoM
- 0GDP Growth Rate
- 0.4GDP m/m
- 52.9Manufacturing PMI
- 50.6Services PMI
- Non Manufacturing PMI
- 6.6Unemployment Rate
- 60.7Employment Rate
- Initial Jobless Claims
- 18272Non Farm Payrolls
- 38.76Average Hourly Earnings
- ADP Employment Change
- 2720Balance of Trade
- 45.6Consumer Confidence
- Government Bond 10Y
- 6TOTAL SCORE
Bullish points
- Hawkish Monetary Policy
Bullish points
Bearish points
Bearish points
- Dovish Monetary Policy
The New Zealand Dollar (NZD), often called the "Kiwi," is the currency of New Zealand. Like the Australian Dollar, the NZD is a commodity currency, with a heavy reliance on exports such as dairy products, meat, and timber. The Reserve Bank of New Zealand (RBNZ) manages the monetary policy of the NZD. Key price drivers include global demand for New Zealand’s agricultural exports, interest rates, inflation data, and risk sentiment. The NZD often correlates with the AUD, as both currencies are affected by similar economic factors, including commodity prices and developments in the Asia-Pacific region. The NZD typically strengthens during periods of global growth and demand for commodities, while it may fall during economic slowdowns or increased risk aversion.
The Canadian Dollar (CAD) is the currency of Canada, and it is often referred to as the "Loonie" due to the loon bird depicted on the one-dollar coin. The CAD is heavily correlated with commodity prices, particularly oil, as Canada is one of the world’s largest oil exporters. The price of crude oil directly impacts the CAD’s value, making it a commodity-linked currency. The Bank of Canada (BoC) controls the monetary policy for the CAD. Other key price drivers for the CAD include interest rates, inflation data, and Canada’s trade balance. Economic growth in the US, as Canada’s primary trading partner, also affects the CAD, with stronger US demand often supporting a stronger Canadian Dollar. Fluctuations in global oil prices remain the most significant impact factor for the CAD.
NZDCAD Analysis
Introduction
The NZD/CAD represents the relationship between two commodity-driven economies. Both New Zealand and Canada rely heavily on natural resources, with New Zealand focusing on agricultural exports and Canada being an oil exporter. The price of this pair is heavily influenced by global commodity prices, particularly oil for the CAD and dairy for the NZD. Both countries’ central banks, the Bank of Canada (BoC) and the Reserve Bank of New Zealand (RBNZ), impact the pair through interest rate decisions. The NZD tends to strengthen when global demand for agricultural commodities rises, while the CAD rises with higher oil prices.
Fundamentals and Interest Rates
The Reserve Bank of New Zealand policy is Hawkish with the (RBNZ) current Interest rate 2.25%. Latest change was Nov 26, 2025 (-25bp)%.
On that side the Bank of Canada policy is Dovish and (BOC) has set its interest rate to 2.25% by latest change, Oct 29, 2025 (-25bp).
Based on the economic and macro fundamental data, The Fundamental Bias of NZD is Weak Bearish and for the CAD is -- Neutral.
Ziwox considering Weak Bearish bias for this asset and we expect prices to decline in the long-term.
mid-term Fundamental Score for NZD is 6. and Fundamental Score for CAD is 6.
Market Overview & Performance
In the current trading session, "London & New York", Market risk sentiment is Mix. The British pound and EUR recorded the strongest performance, while the Gold and Switzerland Frank are weakest so far.
Currencies performance vs US dollar "USD"
Gold "XAU", recorded a -0.7% decrease against us dollar.
Euro "EUR", performance has been 0.05% up so far
Pond "GBP", performance has been 0.23% up as of now
Australian dollar "AUD", has risen by 0.02%
New Zealand dollar "NZD", has dropped by -0.29%
Japanese YEN "JPY", experienced -0.01% fall
Swiss franc "CHF", experienced -0.29% fall so far
Canadian dollar "CAD", has lost -0.08%
Market Sentiment and Positioning
NZD COT (Commitments of Traders):
Institutions Net Position on >Newseeland Dollar is -31571 included 11764 long, 43335 short and -3325 position changed from last week.
So they mainly have a bearish view on this asset and sold NZD for lower prices in long-term.
Last week -3325 repositioning Indicates more sell positions and price pressure in short-term.
CAD COT (Commitments of Traders):
Institutions Net Position on >Canadian Dollar is -119999 included 37944 long, 157943 short and -25888 position changed from last week.
So they mainly have a bearish view on this asset and sold CAD for lower prices in long-term.
Last week -25888 repositioning Indicates more sell positions and price pressure in short-term.
Retail Traders:
Crowd traders or Retail traders are bullish on the NZDCAD with 100% 0% ratio. 0 long pos and 0 short position.
We generally adopt a contrarian approach towards crowd sentiment and we give probability NZDCAD prices may decrease.
Technical Levels and Support/Resistance
The NZDCAD pair is approaching a critical technical support level near 0.80628.
Technical trend is Sell, So If the pair continues to weaken, this support could become a significant area to watch for potential reversal or consolidation.
On the upside, there is key resistance near 0.81954. Technically, If the pair continues to the upside, this resistance level could become a significant area to watch for sell entery potential.
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Before engaging in foreign currency trading, its important to carefully consider your own investment goals, experience level, and risk tolerance.
We want to emphasize that we cannot be held liable for any loss or damage, including potential profit loss, that may result from using or relying on this information. Your decisions are ultimately your own, and we encourage you to approach trading with caution and awareness.
