New Zealand Dollar/Canadian Dollar

Short

Updated

NZDCAD MARCH 2022

Market is moving towards recession same way like it approached recession in March 2020.

With the start of the hawkish monetary policy period NZD as a risk currency may visit the bottom again.

Price structure also indicated the price to visit 2020 March lows again.

Price may stay at the current level for a week or 2 and then by loose of bullish momentum may start falling.

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I need to see divergence on Daily before price starting falling.

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NZDCAD is leading

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Also on:

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.