NZDCAD Headed further down!
Technically as well as Fundamentally, NZDCAD is projected to follow further down and make new lows.
Why?
Canadian currency is making a comeback from a previous downtrend. The early stages of de-inflation have already begun and the currency itself is forecasted to make stronger strides in the future.
NZD currency has been unstable and consequently falling when compared to currencies like CAD and USD.
What to look out for?
Look out for NZD pair news and analyze how it affects the currency and then make a decision on whether you want to short it.
However, NZD is a pair that should be on the decline until further notice.
Let me know if that helped in the comments!
Why?
Canadian currency is making a comeback from a previous downtrend. The early stages of de-inflation have already begun and the currency itself is forecasted to make stronger strides in the future.
NZD currency has been unstable and consequently falling when compared to currencies like CAD and USD.
What to look out for?
Look out for NZD pair news and analyze how it affects the currency and then make a decision on whether you want to short it.
However, NZD is a pair that should be on the decline until further notice.
Let me know if that helped in the comments!
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