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Canadian Dollar to New Zealand Dollar – 1 NZD to CAD

When converting New Zealand dollars (NZD) to Canadian dollars (CAD) or CAD to NZD, by exchanging via Direct FX, you will save a significant amount of money. Our wholesale currency exchange rates for money transfers are significantly more competitive than bank foreign exchange rates. Being Australasian based, we specialise in knowing what drives NZD/CAD currency conversion rates.

NZD to CAD Overview:Both the New Zealand and Canadian dollars are regarded are commodity currencies. NZD/CAD is a relatively stable currency pair. The CAD fortunes are more closely aligned with those of the US and the NZD fortunes more aligned with those of Australia and Asian emerging markets. A break down in correlation can happen in periods of dislocated global growth.

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Historical Ranges: 1 year 5 years 10 years
NZD/CAD .9081 – .9922 .7633 – .9922 .6143 – .9922

Current Official Cash Rates:
Reserve Bank of New Zealand (RBNZ): 1.75%         Bank of Canada (BoC): 1.75%

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The Canadian Dollar (CAD) has been broadly slammed over the week with poor data out of Canada together with the Bank of Canada Stephen Poloz holding rates at 1.75% confirming a drop in fourth quarter growth. Crude oil prices remain in crisis still holding just above 50.00 per barrel. Against the New Zealand Dollar (NZD) we have seen an extension of the bullish move from early October as the cross made a fresh high of 0.9150, the highest level seen since April this year. We expect a move back to 0.8800 levels once Crude oil stabilises the 50% retracement of recent levels.

Exchange Rates

The current interbank midrate is:NZDCAD 0.9210
The interbank range this week has been:NZDCAD 0.9132- 0.9255

View NZDCAD charts

The New Zealand dollar (NZD) continues to remain well supported against the Canadian dollar (CAD) helped on Monday by positive risk sentiment in the wake of the G20 meeting on the weekend. Trade tensions between the US and China seemed to abate somewhat and the NZD took full advantage of the fact in the early stages of this week. That being said, the entire NZDCAD rally, which started back in early October from around 0.8325, is starting to look a little long in the tooth, and there are signs that momentum is waning. Certainly, some positive developments in the price of crude oil, and in particular Canadian crude oil, over recent days suggest that the pain for the CAD may be coming to an end. That’s not to say we can’t see higher NZDCAD prices yet, but I suspect the market is going to really struggle on any attempt toward the 0.9200 area, and a significant correction lower could easily develop over the coming weeks.

Exchange Rates
Current Level: 0.9146
Resistance: 0.9200
Support: 0.8930
Last Week’s Range: 0.8977-0.9161

View NZDCAD charts

The New Zealand Dollar (NZD) has regained momentum this week against the struggling Canadian Dollar (CAD) after entering new territory Friday around 0.9130 levels. Coming off the low of 0.8930 Monday, even a solid Crude oil spike during Thursday’s overnight sessions couldn’t stem the sellers of the CAD. Crude Oil recovered 3.4% to trade to 52.15. We see the decline in CAD continuing with low risks of a reversal below 0.9000.

Exchange Rates

The current interbank midrate is:NZDCAD 0.9108
The interbank range this week has been:NZDCAD 0.8933- 0.9133

View NZDCAD charts

After six weeks of declines against the New Zealand Dollar (NZD) the Canadian Dollar closed the week in positive territory at 0.8930. With an improving Crude oil prices back to 51.63 overnight narrowly avoiding prices in the 49’s we should see an improving CAD develop. We have a slew of economic data to print this week which could impact price with the RBNZ speaking tomorrow and Canadian Current Account and GDP Friday.

Exchange Rates
Current Level: 0.8965
Resistance: 0.9100
Support: 0.8900
Last Week’s Range: 0.8930-0.9099

View NZDCAD charts

After six weeks of declines the Canadian Dollar (CAD) may have broken the shackles versus the New Zealand Dollar (NZD) trading around the 0.9000 area Friday. At one stage the pair traded as high as 0.9100 but with the volatility of Crude oil the CAD has improved. The bullish theme from the late September low of 0.8350 is still in play but with a break below 0.9000 we may see further weakness develop.

Exchange Rates

The current interbank midrate is:NZDCAD 0.8978
The interbank range this week has been:NZDCAD 0.8972- 0.9100

View NZDCAD charts

Up up and away goes the New Zealand Dollar (NZD) as it continues to smoke the Canadian Dollar (CAD) reaching a high of 0.9060 Friday. The fourth straight week of declines for the CAD with the kiwi trading at its highest level since late June this year. Monday risk off sentiment took the cross lower, the CAD recovering somewhat to 0.9000 levels with Crude Oil prices assisting as prices stabilised around 57.50 from late last week’s low of 55.30.

Exchange Rates
Current Level: 0.9608
Resistance: 9050
Support: 0.8950
Last Week’s Range: 0.8881-0.9602

View NZDCAD charts

The Canadian Dollar (CAD) continues to remain under the pump versus the New Zealand Dollar (NZD) its fourth straight week of declines with price reaching 0.9025 the highest since June 2018. Crude Oil stabilised around the 60.00 area up Friday over 1.0%. Further rallies are required to bring the CAD off its lows with a retest of long term resistance of 0.9220 close.

Exchange Rates

The current interbank midrate is:NZDCAD 0.8999
The interbank range this week has been:NZDCAD 0.8858- 0.9028

View NZDCAD charts

The Canadian Dollar (CAD), New Zealand Dollar (NZD) pair has started the week chopping around the 0.8900 area consolidating around current levels from the rally from 0.8700 early last week. A Canadian holiday today will see a lack of volume and extra volatility. Later in the week we are not expecting any tier one data to publish with only NZ Business Manufacturing Index and Canadian Sales of note. If Crude oil weakens through 60.00 this week we could see the CAD weaken with a retest of 0.9100

Exchange Rates
Current Level: 0.8888
Resistance: 0.9000
Support: 0.8770
Last Week’s Range: 0.8715-0.8917

View NZDCAD charts

The New Zealand Dollar (NZD) started the week where it left off against the Canadian Dollar (CAD) pushing up from the open of 0.8680 to 0.8740 in thin pre US election markets Monday. NZ Employment data made sure the kiwi kept surging through 0.8850 on its way to 0.8920 Thursday. Adrian Orr gave a hawkish statement boosting the kiwi further confirming policy would remain until at least 2019-2020 all the while Crude Oil sank to its lowest level since April 2018 of 60.90 as sellers exited the CAD. We don’t expect the buyer interest in the kiwi to continue as markets turn to risk averse conditions next week and Crude Oil recovers.

Exchange Rates

The current interbank midrate is:NZDCAD 0.8886
The interbank range this week has been:NZDCAD 0.8685- 0.8915

View NZDCAD charts

The New Zealand Dollar (NZD) started the week where it left off against the Canadian Dollar (CAD) pushing up from the open of 0.8680 to 0.8740 in thin Monday markets. Canada’s Poloz spoke overnight saying the neutral rate estimated at 2.5-3.5% is not a precise destination. It’s more like a neighbourhood – future rate hikes could be faster or slower. Two statements of complete meaningless garble. Early impressions are suggesting the Kiwi wants to go higher in the short term, a possible retest of 0.8820 is in sight with NZ employment data to print tomorrow with the official cash rate Thursday.

Exchange Rates
Current Level: 0.8736
Resistance: 0.8820
Support: 0.8650
Last Week’s Range: 0.8561-0.8748

View NZDCAD charts

Recent setbacks in the price of Crude Oil have hindered any upward momentum in the Canadian Dollar (CAD) vs New Zealand Dollar (NZD). Crude is 2.8% lower on the day coming from 67.50 during Monday trading. Starting the week at 0.8540 price has been all one way traffic travelling to a high of 0.8710 where it currently sits. Canadian GDP printed slightly up on expectation at 0.1% boosting the CAD, but with favourable Chinese data supporting risk currencies the kiwi has rallied through to a 6 September high. The RBNZ is not expected to waiver to far from recent monetary rhetoric next week, a retest of 0.8760 looks likely.

Exchange Rates

The current interbank midrate is:NZDCAD 0.8723
The interbank range this week has been:NZDCAD 0.8480 – 0.8725

View NZDCAD charts

The New Zealand Dollar (NZD) continues to make gains this week from last week’s low of 0.8460, starting the week on a positive note shifting to 0.8580. Even with a hawkish Bank of Canada (BoC) statement the CAD endures widespread selling. The bearish trend from March 2018 resumes from 0.9500 with the kiwi expected to reverse lower and test the 0.8300 area. Friday’s Canadian Employment figures will be keenly anticipated with unemployment expected to remain close to the current 5.9%

Exchange Rates
Current Level: 0.8566
Resistance: 0.8650
Support: 0.8320
Last Week’s Range: 0.8469-0.8601

View NZDCAD charts

The New Zealand Dollar (NZD) has reversed last week’s gains to fall back to 0.8480 Friday against the Canadian Dollar (CAD). The Bank of Canada (BoC) raised the cash rate to 1.75% from 1.50% as anticipated making it the highest it’s been in almost a decade dating back to 2008. Stephen Poloz explained that part of the decision to raise rates was the optimism regarding Canada’s economy now that they had a free trade deal with the united States and Mexico negotiated a month ago which replaced the old NAFTA deal. We still support moves lower in the pair with a possible retest of 0.8350 possible the multi year low.

Exchange Rates

The current interbank midrate is:NZDCAD 0.8521
The interbank range this week has been:NZDCAD 0.8469 – 0.8669

View NZDCAD charts

t’s been a solid week of gains for the New Zealand dollar (NZD) over the Canadian dollar (CAD). The NZDCAD has rallied from a low of 0.8320, back on the 11th of October, to a high last night of 0.8576. The pair is currently trading just off that high, around 0.8560. Stronger than forecast NZ inflation data helped the local currency, while the CAD has struggled on the back of weaker oil prices and talk of weaker global growth. At this stage there is no sign the rally is over and therefore the risks remain skewed to the topside. It would take a move back down below initial trend support, currently at 0.8535, to bring that outlook into question.

Exchange Rates

The current interbank midrate is:NZDCAD 0.8549
The interbank range this week has been:NZDCAD 0.8453 – 0.8576

View NZDCAD charts

The New Zealand Dollar (NZD) has continued last week’s momentum trading higher against the Canadian Dollar (CAD) to 0.8540. Falling Crude Oil prices from the recent high has seen the CAD back under pressure. With word going around the next RBNZ move could be to lower the cash rate this could put added strain on the kiwi. Certainly with the Bank of Canada expected to raise rates next week we should see some of this starting to be priced in. Expectations are to see a retest of 0.8330 levels this week.

Exchange Rates
Current Level: 0.8535
Resistance: 0.8600
Support: 0.8460
Last Week’s Range: 0.8432-0.8562

View NZDCAD charts

The New Zealand Dollar (NZD) has regained last week’s losses vs the Canadian Dollar (CAD) pushing up from the weekly open of 0.8330 to trade through the 0.8500 handle early Friday. Crude oil turned lower from its high of just over 75.00 and the Loonie went south with it. A drag on global equities in the last few days has seen the correlated CAD worsen. Upside in this pair could be limited with further momentum back to 0.8300 levels expected.

Exchange Rates

The current interbank midrate is:NZDCAD 0.8511
The interbank range this week has been:NZDCAD 0.8323 – 0.8514

View NZDCAD charts

The Canadian Dollar (CAD) has continued its run higher against the New Zealand Dollar (NZD) pushing below through 0.8330 Friday. Canadian Unemployment figures surprised markets adding 63,000 people to the workforce with the unemployment figure remaining at 5.9%. Crude oil has come off its high but still trades over 74.00 per barrel and has boosted the Loonie across the board. Monday has seen profit taking in NZD pushing the pair back to 0.8380. Canadian Holiday today (Thanksgiving day) so markets will be quiet and volumes low.

Exchange Rates
Current Level: 0.8355
Resistance: 0.8700
Support: 0.8300
Last Week’s Range: 0.8323-0.8473

View NZDCAD charts

As the news a replacement trade deal between the US, Mexico and Canada had been agreed the New Zealand Dollar (NZD) plunged against the Canadian Dollar (CAD) to its lowest level of 0.8470 since October 2015. It’s definitely Canada’s week with the currency receiving a massive boost with a new trade contract great news for Canadian people. Crude oil prices have surged to over 75.00 per barrel the highest level since November 2014 with sanctions on Iran beginning to diminish the countries oil supplies while the new USMCA deal eased demand concerns. Canadian employment data releases Saturday, if the numbers are positive we could see a retest of 0.8350

Exchange Rates
Current Level: 0.8456
Resistance: 0.8700
Support: 0.8430
Last Week’s Range: 0.8448-0.8695

View NZDCAD charts

Overall long term support still lies with the Canadian Dollar (CAD) over the New Zealand Dollar (NZD) again this week with higher Crude Oil prices the key. 0.8700 the high was met with stiff resistance with the pair trading just off the weekly open of 0.8620 Friday. Stronger than expected CPI and recent Retail sales initially contributed to CAD buyer volumes with underlying risk sentiment depriving any NZD push higher and will continue to do so with ongoing trade tensions. Next week’s Canadian employment data will be the main focus.

Exchange Rates

The current interbank midrate is:NZDCAD 0.8612
The interbank range this week has been:NZDCAD 0.8594- 0.8695

View NZDCAD charts

Stronger oil prices have supported the Canadian dollar (CAD) with this cross dropping back from a high last week around 0.8643 to trade now at 0.8602. With the firmer CPI data in Canada and potential rate hike by the BoC next month the CAD should keep the NZD on the backfoot.

Exchange Rates
Current Level: 0.8602
Resistance: 0.8640
Support: 0.8530
Last Week’s Range: 0.8531 – 0.8645

View NZDCAD charts

Choppy trading this week on this cross but the trend has generally been in NZD favour with a high of 0.8638 for the week…..now sitting around 0.8625 and we expect current levels to hold into next week…main risk is CAD orientated around NAFTA outcome.

Exchange Rates

The current interbank midrate is:NZDCAD 0.8626
The interbank range this week has been:NZDCAD 0.8529 – 0.8640

View NZDCAD charts

The New Zealand Dollar (NZD) broke free from the bearish channel Monday travelling to 0.8580 confirming a positive tone versus the Canadian Dollar (CAD) a continuation of last week’s momentum from 0.8490. NZ quarterly GDP will be one of the weekly highlights along with Canadian Retail Sales Friday. Crude Oil seems to have stabalised around the 68.50 area after last week’s massive moves, this will assist the NZD bullish tone, the kiwi is not out of the woods just yet, we really need to see 0.8700 to confirm any solid move off long term current lows.

Exchange Rates
Current Level: 0.8579
Resistance: 0.8610
Support: 0.8500
Last Week’s range: 0.8497 – 0.8598

View NZDCAD charts

The Canadian Dollar (CAD) has pushed the New Zealand Dollar (NZD) lower over the week to fresh lows of 85.00 breaking past previous support of 0.8560. These levels were last seen in October 2015 showing the decline of the kiwi. Crude oil prices are back near 70.00 after a spike during the week based on hurricane Florence potentially affecting the supply of oil. Next week’s GDP and Canadian Retail Sales will give us a further insight of direction. Buyers of Canadian Dollar (CAD) should consider any spikes around high 0.85’s.

Exchange Rates

The current interbank midrate is:NZDCAD 0.8549
The interbank range this week has been:NZDCAD 0.8497 – 0.8649

View NZDCAD charts

After spiking to 0.8700 late last week on the lack of any trade agreement taking place between Canada and US officials, the Canadian Dollar (CAD), New Zealand Dollar (NZD) pair retraced back to the 0.8600 handle to close the week. Canadian unemployment figures printed at 6.0% from the 5.9% expected but risk averse conditions took hold. No economic data prints this week of note except second tier NZ manufacturing index numbers so direction we think could be with the bearish trend, with further downside momentum still to come. Huge support where is currently trades at 0.8560, so we will see if this holds.

Exchange Rates
Current Level: 0.8584
Resistance: 0.8720
Support: 0.8560
Lsat Week’s Range: 0.8580 – 0.8720

View NZDCAD charts

With a lack of any agreement on US and Canadian Trade talks we have seen added pressure develop on the Canadian Dollar (CAD). The pair however caught a break overnight Thursday with the (BoC) Bank of Canada saying in their monetary policy statement further rate hikes would be necessary to achieve its inflation target. The CAD recovered from the high of 0.8720 trading back to 0.8650 Friday. The cross sits just off the October 2015 low of 0.8560 which could be tested in the following weeks.

Exchange Rates

The current interbank midrate is:NZDCAD 0.8655
The interbank range this week has been:NZDCAD 0.8600- 0.8720

View NZDCAD charts

Soft NZ business confidence, released in the later stages of last week, helped to drive the New Zealand dollar (NZD) to a low of 0.8588 against the Canadian dollar (CAD). Since then however a lack of progress in trade talks between Canada and the US has seen the CAD come under pressure and that’s helped the NZDCAD cross rate recover toward 0.8640 where it currently sits. We expect further choppy trading as both the NZD and CAD see periods of pressure over the coming week and while the broader trend recently has been to the downside for this pair, there is major support toward the recent lows that may well continue to contain it.

Exchange Rates
Current level:  0.8648
Resistance: 0.8760
Support: 0.8560
Last Week’s Range: 0.8590 – 0.8694

View NZDCAD charts

The New Zealand Dollar (NZD) travelled through the April 2016 level of 0.8580 Thursday breaking the long term support level against the Canadian Dollar (CAD) after NZ figures weakened the kiwi. ANZ Business Confidence was always going to be weak, as it turned out only slightly lower (5 Points) from expectations but the impact was huge. The NZD slumped over 80 points as markets seemed to be holding off selling the kiwi, waiting for confirmation such as this. Friday has seen the pair rebound higher back to 0.8630 trend line but with bearish channel is still reading further losses for the kiwi could be soon.

Exchange Rates

The current interbank midrate is:NZDCAD 0.8634
The interbank range this week has been:NZDCAD 0.8590- 0.8726

View NZDCAD charts

The New Zealand Dollar (NZD) is trading slightly lower over the Canadian Dollar (CAD) from the weekly at 0.8680. Risk associated products such as the NZD and CAD have both traded higher against the US Dollar with equity prices all reaching new highs. President Trump and Mexico look like they have agreed on a trade deal overnight replacing NAFTA. Canada has watched on, hoping they can also strike a trade deal in short time. Larry Kudlow the director of the US National Economic Council has said he is optimistic a deal can be done with Canada as well. Long term support still remains at 0.8630 from August 2016, further weakness in the NZD could indicate a retest of this level. If Crude Oil travels higher to 70.00 per barrel we would almost certainly be knocking on the door of considerably lower prices.

Exchange Rates
Current Level: 0.8688
Resistance: 0.8760
Support: 0.8560
Last Week’s Range: 0.8657 – 0.8758

View NZDCAD charts

In early week trading the New Zealand Dollar (NZD) pushed through to 0.8760 against the Canadian Dollar (CAD) travelling over 100 points higher off the open. With Crude oil prices surging to 68.00 per barrel we have seen a reversal take place Thursday with price action trading back to 0.8670. NZ Trade Balance prints early Friday and is expected to come in around -400m.

Exchange Rates

The current interbank midrate is:NZDCAD 0.8690
The interbank range this week has been:NZDCAD 0.8642- 0.8758

View NZDCAD charts

While there is a lot to like about the Canadian Dollar (CAD) at the moment with strong local fundamental data, broader geopolitical uncertainties are keeping a lid on the Loonie at the moment. Against the New Zealand Dollar (NZD) it has weakened significantly and should continue to ease lower over the week. The incredible 3% CPI print has likely increased interest of CAD bulls but it’s worth noting that the figure seems to be a tad skewed as it was driven by surging gas prices. Still with inflation hovering around 2% we should still see the Bank of Canada hike rates in 2018.

Exchange Rates
Current Level: 0.8661
Resistance: 0.8730
Support: 0.8550
Last Week’s Range: 0.8563 – 0.8681

View NZDCAD charts

The New Zealand Dollar (NZD) slumped last week to 0.8595 against the Canadian Dollar (CAD) continuing its slide from the high of 15h March 2018 of 0.9510. Canadian unemployment figures surprised to the upside with 54,000 people entering the workforce up on the 17,000 that was expected. The unemployment figure dropped to 5.8% from 5.9% both figures boosted the CAD to pivotal support levels. Multi year support sits around 0.8580, if this week’s Canadian monthly CPI (Friday) was positive this level could be tested.

Exchange Rates

The current interbank midrate is:NZDCAD 0.8674
The interbank range this week has been:NZDCAD 0.8563 – 0.8681

View NZDCAD charts

The New Zealand Dollar (NZD) slumped last week to 0.8595 against the Canadian Dollar (CAD) continuing its slide from the high of 15h March 2018 of 0.9510. Canadian unemployment figures surprised to the upside with 54,000 people entering the workforce up on the 17,000 that was expected. The unemployment figure dropped to 5.8% from 5.9% both figures boosted the CAD to pivotal support levels. Multi year support sits around 0.8580, if this week’s Canadian monthly CPI (Friday) was positive this level could be tested.

Exchange Rates
Current Level: 0.8644
Resistance: 0.9000
Support:0.8590
Last Week’s Range: 0.8605 – 0.8827

View NZDCAD charts

The New Zealand Dollar has dropped through key support against the Canadian Dollar (CAD) yesterday breaking past 0.8780 reaching a low of 0.8630 where it currently trades. The Reserve Bank of New Zealand left the official Cash rate unchanged at 1.75% Thursday. The New Zealand Dollar (NZD) was immediately put under pressure selling off fast against the Canadian Dollar (CAD). Adrian Orr said if growth slows he would consider a cut. This statement was seen as more dovish than markets were anticipating with the cash rate expecting to stay low well into mid 2020. The pair trades just off the March 2016 low of 0.8580, this could be retested if tonight’s Canadian unemployment figures are not favorable.

Exchange Rates

The current interbank midrate is:NZDCAD 0.8610
The interbank range this week has been:NZDCAD 0.8605- 0.8827

View NZDCAD charts

The New Zealand Dollar (NZD) is trading just off its lows Tuesday against the Canadian Dollar (CAD) after giving away 120 points last week falling to 0.8750. As Crude oil prices have eased the pair looks to be consolidating around 0.8770. Stronger Canadian Trade Balance figures of -0.6B compared to -2.3B expected have boosted the CAD. This week we have the RBNZ Official Cash Rate announcement on Thursday where the rate is widely expected to remain at 1.75%. We expect further NZD downside to develop with a possible retest of 0.8340 the November 2017 low.

Exchange Rates
Current Level: 0.8750
Resistance: 0.8970
Support: 0.8740
Last Week’s Range: 0.8747 – 0.8920

View NZDCAD charts

The New Zealand Dollar (NZD) is sharply lower this week against the Canadian Dollar (CAD). Starting the week around 0.8870 the pair has broken past last week’s support of 0.8830 and plunged to 0.8770. Crude oil strengthened leading to further CAD support as well as a solid number for monthly GDP of 0.5% compared to 0.3% boosted the Loonie. Canadian Trade Balance will take the pair into the close with a strong number over -2.3B we could see a retest of 0.8650

Exchange Rates

The current interbank midrate is:NZDCAD 0.8766
The interbank range this week has been:NZDCAD 0.8760 – 0.8920

View NZDCAD charts

A reasonably busy schedule on the calendar this week for the New Zealand Dollar (NZD), Canadian Dollar (CAD) pair with ANZ Business Confidence first up to kick the week off. Canadian monthly GDP follows then NZ Employment data with Canadian Trade Balance late Friday. We expect further upside in the cross to continue last week’s push back to 0.9000. First we will need to see a breakout through 0.8950 and a lower NZ unemployment figure.

Exchange Rates
Current Level: 0.8878
Resistance: 0.9000
Support: 0.8830
Last Week’s range: 0.8838 – 0.8962

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View NZDCAD charts

The New Zealand Dollar (NZD) slumped last week to 0.8595 against the Canadian Dollar (CAD) continuing its slide from the high of 15h March 2018 of 0.9510. Canadian unemployment figures surprised to the upside with 54,000 people entering the workforce up on the 17,000 that was expected. The unemployment figure dropped to 5.8% from 5.9% both figures boosted the CAD to pivotal support levels. Multi year support sits around 0.8580, if this week’s Canadian monthly CPI (Friday) was positive this level could be tested.

Exchange Rates
Current Level: 0.8644
Resistance: 0.9000
Support:0.8590
Last Week’s Range: 0.8605 – 0.8827

View NZDCAD charts

The New Zealand Dollar has dropped through key support against the Canadian Dollar (CAD) yesterday breaking past 0.8780 reaching a low of 0.8630 where it currently trades. The Reserve Bank of New Zealand left the official Cash rate unchanged at 1.75% Thursday. The New Zealand Dollar (NZD) was immediately put under pressure selling off fast against the Canadian Dollar (CAD). Adrian Orr said if growth slows he would consider a cut. This statement was seen as more dovish than markets were anticipating with the cash rate expecting to stay low well into mid 2020. The pair trades just off the March 2016 low of 0.8580, this could be retested if tonight’s Canadian unemployment figures are not favorable.

Exchange Rates

The current interbank midrate is:NZDCAD 0.8610
The interbank range this week has been:NZDCAD 0.8605- 0.8827

View NZDCAD charts

The New Zealand Dollar (NZD) is trading just off its lows Tuesday against the Canadian Dollar (CAD) after giving away 120 points last week falling to 0.8750. As Crude oil prices have eased the pair looks to be consolidating around 0.8770. Stronger Canadian Trade Balance figures of -0.6B compared to -2.3B expected have boosted the CAD. This week we have the RBNZ Official Cash Rate announcement on Thursday where the rate is widely expected to remain at 1.75%. We expect further NZD downside to develop with a possible retest of 0.8340 the November 2017 low.

Exchange Rates
Current Level: 0.8750
Resistance: 0.8970
Support: 0.8740
Last Week’s Range: 0.8747 – 0.8920

View NZDCAD charts

The New Zealand Dollar (NZD) is sharply lower this week against the Canadian Dollar (CAD). Starting the week around 0.8870 the pair has broken past last week’s support of 0.8830 and plunged to 0.8770. Crude oil strengthened leading to further CAD support as well as a solid number for monthly GDP of 0.5% compared to 0.3% boosted the Loonie. Canadian Trade Balance will take the pair into the close with a strong number over -2.3B we could see a retest of 0.8650

Exchange Rates

The current interbank midrate is:NZDCAD 0.8766
The interbank range this week has been:NZDCAD 0.8760 – 0.8920

View NZDCAD charts

A reasonably busy schedule on the calendar this week for the New Zealand Dollar (NZD), Canadian Dollar (CAD) pair with ANZ Business Confidence first up to kick the week off. Canadian monthly GDP follows then NZ Employment data with Canadian Trade Balance late Friday. We expect further upside in the cross to continue last week’s push back to 0.9000. First we will need to see a breakout through 0.8950 and a lower NZ unemployment figure.

Exchange Rates
Current Level: 0.8878
Resistance: 0.9000
Support: 0.8830
Last Week’s range: 0.8838 – 0.8962

View NZDCAD charts

The New Zealand Dollar (NZD) slumped last week to 0.8595 against the Canadian Dollar (CAD) continuing its slide from the high of 15h March 2018 of 0.9510. Canadian unemployment figures surprised to the upside with 54,000 people entering the workforce up on the 17,000 that was expected. The unemployment figure dropped to 5.8% from 5.9% both figures boosted the CAD to pivotal support levels. Multi year support sits around 0.8580, if this week’s Canadian monthly CPI (Friday) was positive this level could be tested.

Exchange Rates
Current Level: 0.8644
Resistance: 0.9000
Support:0.8590
Last Week’s Range: 0.8605 – 0.8827

View NZDCAD charts

The New Zealand Dollar has dropped through key support against the Canadian Dollar (CAD) yesterday breaking past 0.8780 reaching a low of 0.8630 where it currently trades. The Reserve Bank of New Zealand left the official Cash rate unchanged at 1.75% Thursday. The New Zealand Dollar (NZD) was immediately put under pressure selling off fast against the Canadian Dollar (CAD). Adrian Orr said if growth slows he would consider a cut. This statement was seen as more dovish than markets were anticipating with the cash rate expecting to stay low well into mid 2020. The pair trades just off the March 2016 low of 0.8580, this could be retested if tonight’s Canadian unemployment figures are not favorable.

Exchange Rates

The current interbank midrate is:NZDCAD 0.8610
The interbank range this week has been:NZDCAD 0.8605- 0.8827

View NZDCAD charts

The New Zealand Dollar (NZD) is trading just off its lows Tuesday against the Canadian Dollar (CAD) after giving away 120 points last week falling to 0.8750. As Crude oil prices have eased the pair looks to be consolidating around 0.8770. Stronger Canadian Trade Balance figures of -0.6B compared to -2.3B expected have boosted the CAD. This week we have the RBNZ Official Cash Rate announcement on Thursday where the rate is widely expected to remain at 1.75%. We expect further NZD downside to develop with a possible retest of 0.8340 the November 2017 low.

Exchange Rates
Current Level: 0.8750
Resistance: 0.8970
Support: 0.8740
Last Week’s Range: 0.8747 – 0.8920

View NZDCAD charts

The New Zealand Dollar (NZD) is sharply lower this week against the Canadian Dollar (CAD). Starting the week around 0.8870 the pair has broken past last week’s support of 0.8830 and plunged to 0.8770. Crude oil strengthened leading to further CAD support as well as a solid number for monthly GDP of 0.5% compared to 0.3% boosted the Loonie. Canadian Trade Balance will take the pair into the close with a strong number over -2.3B we could see a retest of 0.8650

Exchange Rates

The current interbank midrate is:NZDCAD 0.8766
The interbank range this week has been:NZDCAD 0.8760 – 0.8920

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A reasonably busy schedule on the calendar this week for the New Zealand Dollar (NZD), Canadian Dollar (CAD) pair with ANZ Business Confidence first up to kick the week off. Canadian monthly GDP follows then NZ Employment data with Canadian Trade Balance late Friday. We expect further upside in the cross to continue last week’s push back to 0.9000. First we will need to see a breakout through 0.8950 and a lower NZ unemployment figure.

Exchange Rates
Current Level: 0.8878
Resistance: 0.9000
Support: 0.8830
Last Week’s range: 0.8838 – 0.8962

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The New Zealand Dollar (NZD) has suffered over the week failing to hold any support against the surging Canadian Dollar (CAD) travelling lower to 0.8860. It hovers perilously close to key support of 0.8830 seen early July. If we see a break here we could be trading as low as 0.8790 the October 2017 low. Risk products have dropped in value over the second half of the week with uncertainties unclear around a potential US bombing of Iran’s nuclear capabilities. The price of Crude oil has stabalised around 69.55 up slightly overnight Thursday. Next week on the economic docket sees Canadian GDP and NZ Unemployment figures.

Exchange Rates

The current interbank midrate is:NZDCAD 0.8858
The interbank range this week has been:NZDCAD 0.8856- 0.8966

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The Canadian Dollar (CAD) remains a sideways market against the New Zealand Dollar (NZD) trading between the range of 0.8980 and 0.8900 as markets await NAFTA word. With little on the economic docket this week I suspect the range should hold. NZ Trade Balance prints tomorrow and may give the kiwi a boost if figures fall in line with positive numbers over the past 6 months. We are picking the kiwi to advance to 0.9100 over the coming days.

Exchange Rates

Current Level: 0.8935

Resistance: 0.8990

Support: 0.8870

Last Week’s Range: 0.8899 – 0.8976

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Choppy trading on this cross, with the New Zealand dollar (NZD) now back around 0.8950 against the CAD, after a 0.8975 high on Wednesday and 0.8896 yesterday. It now looks to be in a sideways pattern with little to give firm direction. NAFTA worries will hold any substantive CAD advance.

Exchange Rates

The current interbank midrate is:NZDCAD 0.8938
The interbank range this week has been:NZDCAD 0.8877 – 0.8976

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Currently this cross is sitting around 0.8912 in flat trading after last week’s NZD weakness after the BoC rate hike. The CAD remains a hostage of the NAFTA negotiations with NZD vulnerable to weaker economic stats, so overall look for current ranges to be maintained.

Exchange Rates
Current Level: 0.8908
Resistance: 0.8990
Support: 0.8830
Last Week’s Range: 0.8877 – 0.8992

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The stronger NZD trend on this cross has reversed over the last few days on the back of the 0.25% BoC rate rise, which saw the NZD/CAD hit a low of 0.8879…now back at 0.8915 but with the BoC indicating that more hikes maybe coming, upside looks limited in the short term, although speculation around a NAFTA breakdown will keep the CAD from building up too much steam.

Exchange Rates
The current interbank midrate is:NZDCAD 0.8915
The interbank range this week has been:NZDCAD 0.8882- 0.8992

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The New Zealand Dollar (NZD) has continued its push higher against the Canadian Dollar (CAD) for the second week bouncing nicely off Fibonacci levels around 0.8830 to register a fresh high of 0.8970 Tuesday. Canadian Unemployment data published above expectations of 22.3K at 31.8K but offered minimal support for the CAD with unemployment higher at 6.00% with markets predicting 5.8%.Crude Oil continues to trade at heightened levels but is trading below 74.00 currently. Bank of Canada (BoC) cash rate is published later in the week with a forecasted hike to 1.50 from 1.25% but with NAFTA risks dragging on its possible they BoC may not raise rates.

Exchange Rates
Current Level: 0.8978
Resistance: 0.9040
Support: 0.8830
Last Week’s range: 0.8832 – 0.8983

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The New Zealand Dollar (NZD) broke above key channel support of 0.8900 Thursday against the Canadian Dollar (CAD) after risk markets improved. With the NZ docket light this week we look to Canadian Unemployment announcements Friday night to gauge further direction. We are picking a bounce back to 0.9000 as the Crude oil price drops away in the coming days.

Exchange Rates

The current interbank midrate is:NZDCAD 0.8920
The interbank range this week has been:NZDCAD 0.8832- 0.8969

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Classic Fibonacci sequence is in play with the Canadian Dollar (CAD), New Zealand Dollar (NZD) pair. Dropping from the The New Zealand Dollar (NZD) is still heavy across the board, against the Canadian Dollar (CAD) it has bounced off the low of 0.8835 trading at 0.8870 currently. Huge support is still in play at 0.8870, with little on the NZ docket this week we look to Canadian Unemployment announcements to gauge further direction. We are picking a bounce back to 0.9000 as the Crude oil price drops away in the coming days.

Exchange Rates
Current Level: 0.8880
Resistance: 0.9000
Support: 0.8780
Last Week’s Range: 0.8832 – 0.9091

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Classic Fibonacci sequence is in play with the Canadian Dollar (CAD), New Zealand Dollar (NZD) pair. Dropping from the 50% retracement as we thought may happen last week from 0.9170 levels. The kiwi has plunged sharply to 0.8950 over the past few days as it now looks set to retest the mid May level of 0.8800. The RBNZ cash rate announcement had no surprises with markets generally expecting a dovish statement with the rate remaining unchanged at 1.75%. Adrian Orr hinted the economy could be operating at slightly slower than anticipated at this stage of the year. He said while the May monetary policy remains intact the main drivers of the economy may not be as strong as first thought. Canadian monthly GDP prints Saturday morning NZT with markets expecting a fall to 0.0% from 1 June  numbers of 0.3%

Exchange Rates
The current interbank midrate is:NZDCAD 0.8961
The interbank range this week has been:NZDCAD 0.8938 – 0.9221

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Canadian data out late Friday disappointed dropping the CAD and sending the New Zealand Dollar (NZD) to 0.9220. Core monthly CPI came in at 0.1% lower than the 0.4% markets were expecting. Oil production is expected to be raised to an additional 1M barrels per day as agreed at last week’s OPEC meeting. This saw the Crude oil price trade higher and reversed earlier Canadian Dollar losses as it returned to 0.9170. The pair looks happy to trade around this area as it has done for a couple of weeks which is hovering at the 50% Fibonacci level from the high of 0.9515 and the low of 0.8800. Perhaps this week’s RBNZ Thursday will shift it from the current range.

Exchange Rates
Current Level: 0.9160
Reisstance:0.9220
Support: 0.9100
Last Week’s Range: 0.9095 – 0.9221

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The New Zealand (NZD) Canadian Dollar (CAD) pair continues to bounce around the 0.9150 area over much of the week with a lack of local and Canadian economic data to shift price. The only data we thought which could add volatility to the pair was yesterday’s NZD quarterly GDP figure which was published at 0.5%, but the pair remained stubborn remaining in the current range with the release coming in bang on expectation. Monthly Canadian CPI figures print tomorrow with predictions we may see a number slightly better than May’s 0.3% at 0.4%. With further risk sentiment in the markets we could see further upside towards 0.9370 but immediate direction could be downward back to 0.9000 before the current rally higher continues based on Fibonacci calculations.

Exchange Rates

The current interbank midrate is:NZDCAD 0.9145
The interbank range this week has been:NZDCAD 0.9095- 0.9181

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The New Zealand Dollar (NZD) momentarily broke from the range we have seen over the past two weeks inching to 0.9180 before falling lower Tuesday. Coincidentally the pair sits plumb between the high of 0.9500 and the low of 0.8800 this representing the Fibonacci 50% retracement level. From here direction could be downward back to 0.9000 before the current rally higher continues. Canadian monthly CPI figures release later in the week.

Exchange Rates
Current Level: 0.9152
Resistance: 0.9260
Support: 0.9090
Last Week’s Range: 0.9101 – 0.9180

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The Canadian Dollar looks to have consolidated around 0.9120 levels against the New Zealand Dollar (NZD). Over the week the pair has touched a high of 0.9175 but has lacked any momentum to push higher, with risk sentiment off the table markets have been choppy. With no local data this week investors have maintained a keen eye on the Singapore Summit and the Federal Reserve Cash rate announcement. Next week we see NZ Current account and Canadian Retail Sales.

Exchange Rates
The current interbank midrate is:NZDCAD 0.9132
The interbank range this week has been:NZDCAD 0.9085 – 0.9174

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The New Zealand Dollar (NZD) continues to extend gains against the Canadian Dollar (CAD) pushing to a high of 0.9170 before being sold back to 0.9120. No data for either side this week marking no real significance on the economic calendar which is a little eerie. Kim Jong-un and Donald Trump will meet today at 1pm NZT in Singapore with the whole world watching – we hope the meeting goes well and no-one throws their toys. Technically the pair has bounced lower back to Fibonacci resistance I mentioned last week

Exchange Rates
Current Level: 0.9099
Resistance: 0.9170
Support: 0.9080
Last Week’s Range: 0.9069 – 0.9174

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The New Zealand Dollar has extended last week’s gains over the Canadian Dollar (CAD). Continuing momentum from the low of 0.8780 last week we have seen prices well into the the 90’s trading just off 0.9200 Friday. Canadian Trade surplus has been the highlight of the week posting a result of -1.9B compared to economists’ predictions of -3.4B weakening the kiwi momentarily. After widening in April and May this is a great result. Cancelling out any decent CAD support after this result was monthly building permits which printed well down on the expected -1.0% to -4.6% clearly showing a lack of new build construction activity. Massive Fibonacci (technical) resistance at 0.9150 could stunt further NZD upside.

Exchange Rates
The current interbank midrate is:NZDCAD 0.9113
The interbank range this week has been:NZDCAD 0.9038- 0.9149

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The Canadian Dollar (CAD) has edged lower to 0.9060 over the week against the Kiwi (NZD), the Canadian current account has strained any further momentum by printing below expectations at -19.5B, when -18.1B was expected. Overnight the Trump administration has announced they will be imposing steel tariffs on steel and aluminum imported from Canada, Mexico and the European Union. The tariffs will take effect from midnight next Thursday. This will put pressure on the Canadian Dollar for some time until NAFTA can be resolved.

Exchange Rates

The current interbank midrate is:NZDCAD 0.9072
The interbank range this week has been:NZDCAD 0.8970- 0.9105

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As Crude oil prices came off the high of 72.90 we have seen the Canadian Dollar (CAD) depreciate over the past few days. Geopolitical uncertainties with Trump and North Korea have created a risk off market. The (BoC) Bank of Canada should keep rates unchanged at 1.25% Thursday with the target of 2% slowly coming into play. The New Zealand Dollar (NZD) has reached 0.9020 which is a sizeable gain of over 120 points on the week bouncing off the earlier level of 0.8790, the lowest level since November 2017. The downtrend momentum has been broken when the pair broke through 0.8900 but we are still just below the key 40 day moving average for further upside movement.

Exchange Rates

Current Level: 0.9000

Resistance: 0.9065

Support: 0.8919

Last Week’s Range: 0.8858 – 0.9037

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The New Zealand Dollar (NZD) has been steady over the week against the Canadian Dollar (CAD) briefly dropping to 0.8850 in volatile markets but pushing into new territory above 0.8930 a three week high. Trade Balance figures gave the kiwi a boost coming in at 263M based on expectations of 200M signalling higher fruit exports led by kiwifruit. Next week on the calendar is the Bank of Canada (BoC) cash rate announcement and the G7 meeting. Direction at this point is hard to predict in the pair the BoC statement should give us further clues.

Exchange Rates

The current interbank midrate is:NZDCAD 0.8940
The interbank range this week has been:NZDCAD 0.8827- 0.8943

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Friday’s trading saw a boost for the New Zealand Dollar (NZD) bouncing off the low of 0.8780 against the Canadian Dollar (CAD) and pushing as high as 0.8910. Canadian Core CPI numbers were worse than expected at -0.2% based on expectations of 0.5% showing no real pick up in prices and highlighting the economy is strengthening but not at the pace to fuel aggressive rate hikes. With no data on the calendar this week for the CAD investors will be looking at NZ Trade Balance figures Thursday for further direction and any confirmation of a continuing reversal through 0.9000

Exchange Rates

Current Level: 0.8875

Resistance: 0.9000

Support: 0.8780

Last Week’s Range: 0.8788 – 0.8924

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Crude Oil is still holding up the Canadian Dollar (CAD) against the New Zealand Dollar (NZD) with oil sitting comfortably over 71.70 levels. The kiwi has suffered another week of declines dropping further off its lows to below 0.8800. Canadian manufacturing sales were wildly up on predictions of 1.1% coming in at 1.4% showing significant growth in 13 of 21 industries representing 73% of the total manufacturing sector. Core monthly CPI is released tomorrow and should give further strength to al already popular currency. We see thin air down to 0.8650.

Exchange Rates

The current interbank midrate is:NZDCAD 0.8833

The interbank range this week has been:NZDCAD 0.8788 – 0.8921

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As President Trump pulled out of the Iran deal Crude oil prices rallied strong to 71.71 creating a sell off in the New Zealand Dollar (NZD), Canadian Dollar (CAD) pair. Its trading at the low of 0.8845 Tuesday. Eve with equities all posting gains overnight with investors buying risk products this has not been enough to stop the kiwi drifting lower with Oil prices through the roof. Support down at 0.8700 the low of November 2017 is fast approaching but so is the NZ Budget Thursday which may stem the decline if optimism is viewed. Canadian CPI is also later in the week and is expected to be weaker than previous months around the 0.3% mark.

Exchange Rates

Current Level: 0.8835

Resistance: 0.9045

Support: 0.8670

Last Week’s Range: 0.8841 – 0.9082

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Crude oil rallied this week to over 71.50 per barrel in the wake of President Trump potentially pulling out of the Iran deal. This had a detrimental effect on the weakened kiwi as the Canadian Dollar (CAD) outmuscling the New Zealand Dollar (NZD) with prices dropping down to 0.8860 a fresh yearly low. Not helping the NZD was a weaker than expected statement from Reserve Bank governor Adrian Orr putting the NZD on the ropes in an otherwise falling kiwi. We see strong support at 0.8680 if further support increases for Crude through 72.00 per barrel the pair could be testing this in no time.

Exchange Rates

The current interbank midrate is:NZDCAD 0.8883

The interbank range this week has been:NZDCAD 0.8852 – 0.9082

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The New Zealand Dollar (NZD) has opened the week stronger against the Canadian Dollar (CAD) pushing to 0.9040 from its last week low of 0.8978. Crude oil prices were strong last week reaching a high of 70.70 but have slid back below this mark to 69.90 on Tuesday taking the CAD with it. The long-term momentum still lies to the downside back through 0.8900 from the high of 0.9500 early March as the Canadian economy rejuvenates. Watch for the RBNZ cash rate announcement Thursday 9.00 NZ time.

Exchange Rates

Current Level: 0.9045

Resistance: 0.9200

Support: 0.8980

Last Week’s Range: 0.8984 – 0.9061

View NZDCAD charts

The New Zealand Dollar (NZD) has fallen against the Canadian Dollar (CAD) in the wake of stronger crude oil prices and better than predicted Canadian GDP figures. Monthly GDP was stronger than economists predicted releasing at 0.4% instead of 0.3%, rallying the CAD. Perhaps the economy is on the verge of popping out of its recent soft patch of growth. The pair depreciated to its weakest level since 3rd of January this year of 0.8980 before spiking back to 0.9040 Friday.

Exchange Rates

The current interbank midrate is:NZDCAD 0.9047

The interbank range this week has been:NZDCAD 0.8985 – 0.9105

View NZDCAD charts

The New Zealand Dollar (NZD) continued its run lower against the Canadian Dollar (CAD) trading to key support of 0.9030 in heavy traded conditions. Oil prices have supported the CAD recently while the kiwi has lost value across the board with risk averse markets taking hold. NZ Business confidence numbers fall Monday dragging the cross lower to 0.9022. Huge support at 0.9000 could be tested if we see further poor NZ unemployment data later in the week.

Exchange Rates

Current Level: 0.9020

Resistance: 0.9190

Support: 0.9000

Last Week’s Range: 0.9204 – 0.9153

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The New Zealand dollar (NZD) has been in a relentless decline against the Canadian dollar (CAD) in recent weeks. We saw a further fall this week with the pair trading to a low of 0.9062 in the past 24 hours. At this stage there is nothing to suggest the downtrend is over and as such we expect further tests of the downside. We are entering an area of minor support however between 0.9030 and 0.9070 and this may provide at least a temporary flaw for the pair. Next week from NZ we have business confidence data, the unemployment rate and another dairy auction. While from Canada we get wholesale sale and another speech from BOC Governor Poloz.

Exchange Rates

The current interbank midrate is:NZDCAD 0.9089

The interbank range this week has been:NZDCAD 0.9062 – 0.9212

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Like most New Zealand dollar (NZD) crosses, the Kiwi has declined against the Canadian dollar (CAD) over the past week. The pair has put in a decent bounce from the recent lows of 0.9129, helped by disappointing Canadian economic data out on Friday, but so far the broader downtrend has not being threatened. As such the risks remain toward further NZD downside over the coming week. This bearish move could ultimately end up targeting support around 0.9000.

Exchange Rates

Current Level:0.9186

Resistance: 0.9300

Support:0.9100

Last Week’s Range: 0.9129 – 0.9271

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The New Zealand Dollar (NZD) slipped through support of 0.9240 midweek to a low of 0.9190 against the Canadian Dollar (CAD) before rallying to 0.9270 in a market which lost support for the CAD after comments by the governor were not as hawkish as expected. Crude oil stabalised around 68.70 per barrel after coming from a low of 65.60 but has not offered optimism for investors as it continues to depreciate. Canadian monthly CPI figures and Retail sales are later today to close the week, CPI is expected to represent higher prices for goods and services based on the previous Mar 24 numbers publishing at 0.6%, 0.2% above expectation.

Exchange Rates

The current interbank midrate is:NZDCAD 0.9176

The interbank range this week has been:NZDCAD 0.9175 – 0.9299

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The Canadian Dollar (CAD) remained choppy against the New Zealand Dollar (NZD) to close the week around the 0.9270 level. The Canadian Dollar (CAD) is offering good value currently following a long period of concern with Nafta. Risks now seem to be diminishing for the Canadian Dollar (CAD) with Mexico, Canada and US making encouraging signals of putting together a potential deal. Crude Oil helped has been higher over the week and boosted the CAD in pockets. The prior low of 0.9240 is still holding but we see further upside in the pair with the New Zealand Dollar robust for the moment. If BoC hikes rates Thursday this changes everything.

Exchange Rates

Current Level: 0.9246

Resistance: 0.9515

Support: 0.9185

Last Week’s Range: 0.9240 – 0.9322

View NZDCAD charts

The Canadian Dollar (CAD) continued to make solid gains over the Australian Dollar (AUD) this week pushing past the previous low of 0.9770. With oil prices pushing into the 67.15 area the CAD has outperformed posting a fresh low of 0.9745. The Canadian House price index for February released worse than the expected 0.1% at -0.2% following two months of no change. Recent higher mortgage rates added to the decline.

Exchange Rates

The current interbank midrate is:NZDCAD 0.9275

The interbank range this week has been:NZDCAD 0.9240- 0.9336

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The Canadian Dollar Closed the week 50 points up on the New Zealand Dollar (NZD) at one stage trading to a low of 0.9240 with US Non-Farm Payroll pushing markets to all corners prior to the weekly close. The New Zealand Dollar has regained earlier losses this week rallying to 0.9335 driven by US –China led trade developments. The US Government has softened a key Nafta demand for more content in car manufacturing, this is arguably the biggest point of contention in discussions with the US as they push for 85% of all vehicle parts to be sources from the 3 Nafta countries with the current agreement requiring only 62.5%. The CAD has broken the bullish channel of late, we expect to see further weakness in the pair back to 0.9180 support.

Exchange Rates

Current Level: 0.9295

Resistance:0.9350

Support:0.9235

Last Week’s Range: 0.9240 – 0.9371

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The Canadian Dollar (CAD) has had an incredible week against all major currency pairs, dropping against the New Zealand Dollar (NZD). Under pressure earlier in the week we have seen it move below support of .9280 to be 0.9260 today. The US government has softened a key Nafta demand for more content in car manufacturing; this is arguably the biggest point of contention in discussions with the US pushing for 85% of all vehicle parts to be sources from the 3 Nafta countries with the current agreement requiring only 62.5%, the Canadian Dollar appreciated on the news. As the pair drops below key support of 0.9280 buyers of CAD may want to consider at these levels while the pair holds at 0.9250.

Exchange Rates

The current interbank midrate is:NZDCAD 0.9262

The interbank range this week has been:NZDCAD 0.9265- 9371

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The New Zealand Dollar (NZD) continued its bullish momentum over the Canadian Dollar (CAD) last week but was delayed early on by a risk off market allowing the CAD to make up ground over the NZD in light market trading. Pushing as high as 0.9410 early the kiwi dropped back to 0.9270 before closing the week at 0.9322. This week economically sees Canadian Trade Balance and Employment figures, along with the unemployment rate print Friday. Expect the pair to be volatile with US NFP (Non-Farm Payroll) as well later in the week. Upside support for the kiwi still remains, possibly back to the early March high of 0.9500

Exchange Rates

Current Level: 0.9295

Resistance: 0.9412

Support: 0.9250

Last Week’s Range: 0.9281 – 0.9380

View NZDCAD charts

The New Zealand Dollar (NZD) continues to make nice gains against the Canadian Dollar (CAD), all said and done we find this rather surprising given the weakness lately in the New Zealand Dollar (NZD) and a Canadian economy slowly gaining momentum. Core CPI and Retail figures late last week were mixed but annual inflation figures are now up over the 2.00% target mark of 2.2% and a rise in the cash rate could be seen as early as April. The NZD/CAD extends its merry way as it has done since 1 December 2017 from the low of 0.8700, and although the CAD made back some ground late last week we still eye further movers higher, long range to 0.9830. Canadian monthly GDP prints Friday.

Exchange Rates

Current Level: 0.9365

Resistance: 0.9510

Support: 0.9292

Last Week’s Range: 0.9290 – 0.9470

View NZDCAD charts

The New Zealand Dollar (NZD) has lost support against the Canadian Dollar (CAD) travelling lower to channel support of 0.9320. A week of encouraging Canadian data has lifted the Canadian Dollar. The RBNZ kept rates on hold Thursday with Grant Spencer holding a “neutral” stance with monetary policy, saving optimism for a later date. The pair still maintains its bullish long term trend from the low of 0.8700 – November 2017

Exchange Rates

The current interbank midrate is:NZDCAD 0.9330

The interbank range this week has been:NZDCAD 1.0542- 1.0764

View NZDCAD charts

Same spiel different week regarding the New Zealand Dollar (NZD) ,Canadian Dollar (CAD) cross as the CAD reports further losses, the kiwi extending its gains from last weeks open of 0.9330 through to 0.9470 Tuesday. Canadian data has been woeful of late the only positive reading is the crude oil price back to 62.23 but even this is not helping. Oil production is expected to jump significantly next month in new reports and should have further impact on oil prices and ultimately the lack of any CAD momentum. The next level of concern for the CAD is the resistance area around 0.9750 April 2017, as long as the RBNZ are not to dovish later in the week I would expect recent price action to continue.

Exchange Rates

Current Level: 0.9460 

Resistance: 0.9740

Support: 0.9360

Last Week’s Range: 0.9386 – 0.9516

View NZDCAD charts

The Canadian Dollar (CAD) continues to post losses against the New Zealand Dollar (NZD) heading into the weekend. The Trump government received a subpoena asking to hand over all documents relating to Russia currently being investigated, perhaps this time President Trump could end up being impeached? The Canadian Dollar fall on the news as markets bought the safe haven USD Dollar, the NZD also doing well pushing up to 0.9510 against the CAD during NY trading. The pair continues its uptrend from the low around 0.8700 December 2017 and could well be back to parity if things don’t improve for the Canadians. Oil production is forecasted to jump significantly next month in new reports a jump of 131,000 Barrels per day, this is a massive lift on the earlier expected figures reported and should have further impact on oil prices and ultimately the lack of any CAD momentum.

Exchange Rates

The current interbank midrate is:NZDCAD 0.9479

The interbank range this week has been:NZDCAD 0.9321 – 0.9516

View NZDCAD charts

The New Zealand Dollar (NZD) continues to make gains against the Canadian Dollar (CAD) punching to a new high of 0.9440 mid last week before easing back to 0.9350 to close just above the weekly open of 0.9325. Despite seeing softer oil prices the NZD/CAD made up a little ground earlier this week trading back to 0.9330 before the RBNZ governor Grant Spencer’s speech around Macro-prudential policy pushed the NZD up to 0.9380. NZ GDP quarterly figures print Thursday and should print well giving the New Zealand Dollar (NZD) further support to perhaps push past 0.9445

Exchange Rates

Current Level:0.9380

Resistance: 0.9450

Support: 0.9325

Last Week’s Range: 0.9321  – 0.9446

View NZDCAD charts

The Canadian Dollar found a little strength midweek after Canadian Housing and Building Permits data printed slightly better than expected, but the currency lost support through Friday. Battling to stay above key support of 0.9340 the pair currently trades at 0.9360 with Canadian employment figures to release at the weeks end. Markets are expecting 5.9% and solid rise to the number of people who have entered the workforce in February. Technically we are still well within the bullish band in play, a drop back to 0.9250 levels would still indicate a bullish tone, 0.9700 the medium-term threat.

Exchange Rates

The current interbank midrate is:NZDCAD 0.9358

The interbank range this week has been:NZDCAD 0.9298 – 0.9446

View NZDCAD charts

The Canadian Dollar (CAD) continues its decline against the New Zealand Dollar (NZD) as it extended its gains further over the last few days.  Trading currently at the high of 0.9380 through Tuesday’s local session this also the high of 3 August 2017. There is a slew of Canadian data releases towards the end of the week with Trade Balance, employment change and the all -important monetary policy statement. We may see further weakness in the CAD across the board. The NZD looks towards the previous high of 0.9730

Exchange Rates

Current Level: 0.9380

Resistance: 0.9714

Support:0.9340

Last Week’s Range: 92.06 – 93.91

View NZDCAD charts

The Canadian Dollar (CAD) pushed higher against the New Zealand Dollar (NZD) earlier in the week based on favourable monthly CPI figures but has since fallen away on a lack of support. After oil prices fall away sharply Wednesday the CAD dropped back to last week’s low of 0.9205. Technically the pair is still trading above the 40 day moving average and looks to have consolidated around the 0.9250 area leading into GDP scheduled release Friday.

Exchange Rates

The current interbank midrate is:NZDCAD 0.9316

The interbank range this week has been:NZDCAD 0.9203 – 0.9327

View NZDCAD charts

The Canadian Dollar (CAD) fought back against the New Zealand Dollar (NZD) late in the week closing over half a cent up on the weekly close based on stronger Consumer Price Index monthly figures publishing at 0.7% vs the 0.4% expectation. NZ Core Retail Sales were positive for the NZD creating a small advancement on the CAD. In Canada later in the week we have fourth quarter GDP released with recent figures suggesting a slightly faster paced economy over the third quarter, this will almost certainly lead to a rise in the CAD with most crosses, 0.9350 the recent high could be tested.

Exchange Rates

Current Level:0.9245

Resistance:0.9345

Support:0.9200

Last Week’s Range:0.9203 – 0.9349

View NZDCAD charts

The Canadian Dollar (CAD) continued its slide against the New Zealand Dollar (NZD) posting a new high of 0.9325 Thursday. The Canadian Dollar has looked heavy over 2018 starting the year around 0.8900 levels it has struggled against weaker oil prices and a stronger US Dollar. Retail Sales and the Consumer Price Index monthly numbers are due to release Friday and are expected to be soft indicating weaker consumer spending and possibly weaker ground for the CAD. 0.9540 the next point of resistance if Canadian figures continue to print down on expectation.

Exchange Rates

The current interbank midrate is:NZDCAD 0.9325

The interbank range this week has been: NZDCAD 0.9246 – 0.9349

View NZDCAD charts

The Canadian Dollar got no respite last week based on a surging NZD, the CAD stuck in a NZD updraft it made little effort to reverse NZD weekly gains. Posting a new 9 month high more gains look ominous. This week it looks set to possibly break stern resistance at 0.9415 if the CAD Retail Sales and monthly CPI offer no support.

Exchange Rates

Current Level: 0.9250

Resistance:0.9285

Support: 0.9230

Last Week’s Range: 0.9125 – 0.9284

View NZDCAD charts

The New Zealand Dollar (NZD) continued its run north against the Canadian Dollar (CAD) this week trading through 0.9200 in a heavy volume to break past resistance. Solid support still remains for the NZD in a trend which started at 0.8650 mid November 2017. Starting the week at 0.9120 the Canadian Dollar has relented to another week of NZD growth after better than expected inflation figures spurred the NZD forward. Buyers of CAD should make considerations at these levels.

Exchange Rates

The current interbank midrate is:NZDCAD 0.9229

The interbank range this week has been:NZDCAD 0.9098 – 0.9242

View NZDCAD charts

The Canadian Dollar (CAD) posted early week gains against the New Zealand Dollar (NZD) trading to a high of 0.9190 – this price last seen in late August 2017 The NZD then lost ground. Thursday morning after investors sought to buy CAD, RBNZ rate decision drove the New Zealand Dollar down as well while the NZD/CAD trades perilously close to 0.90 the figure, massive support and physiological level. The long-term trend on NZD/CAD is overall bullish from its 1 Dec low of 0.8700.

Exchange Rates

The current interbank midrate is:NZDCAD 0.9099

The interbank range this week has been:NZDCAD 0.9022 – 0.9188

View NZDCAD charts

The NZD has slipped a little on this cross now around the 0.9055 level after Canadian GDP on Friday. With a shortened week for the New Zealand dollar (NZD) and little in the way of Canadian data until the end of the week, we expect current levels to hold as the NZD consolidates at current levels ahead of the RBNZ on Thursday.

Exchange Rates

Current Level: 0.9062

Support: 0.8950

Resistance: 0.9150

Last Week’s Range: 0.9012 – 0.9096

View NZDCAD charts

The NZD was up at 0.9107 overnight as the Canadian dollar (CAD) sagged against the USD. This was after the better USD data and continued concern around the outcome of the NAFTA talks. Tomorrows Canadian GDP may provide further direction for this cross. We expect current ranges to hold ahead of the NZ data releases next week.

Exchange Rates

The current interbank midrate is:NZDCAD 0.9062

The interbank range this week has been:NZDCAD 0.9012 – 0.9097

View NZDCAD charts

The NZD has drifted lower on this NZD/CAD cross, now at 0.9042 but little clarity around direction. No news on the upshot of the NAFTA trade negotiations have held the CAD back from gains against the NZD. Look for trading around existing ranges unless Fridays Canadian GDP provides some surprises.

Exchange Rates

Current Level: 0.9049

Support: 0.8950

Resistance: 0.9150

Last Week’s Range: 0.9013 – 0.9173

View NZDCAD charts

After a high of 0.9171 two days ago, the NZD dropped on the disappointing CPI data yesterday to 0.9054 vs the Canadian dollar (CAD). There was a small rally overnight to the 0.9095 level but the NZD is now back at 0.9064 on this cross. Given the lower NZD trend we favour a test of support around the 0.9000 level, but any developments over NAFTA over the next few days have potential to knock the CAD.

Exchange Rates

The current interbank midrate is:NZDCAD 0.9071

The interbank range this week has been:NZDCAD 0.9048 – 0.9173

View NZDCAD charts

The New Zealand dollar (NZD) opens the week against the CAD higher than the 0.9090 close last Friday at 0.9112, as the CAD is hit by rumours around the NAFTA negotiations. Solid commodity prices and supportive economic data have driven the CAD over the last few weeks but as the NAFTA deadline approaches, markets are getting twitchy thus eroding CAD value.

Exchange Rates

Current Level: 0.9111

Support: 0.8950

Resistance: 0.9150

Last Week’s Range: 0.9009 – 0.9123

View NZDCAD charts

In the face of increasing speculation over the chances of another Bank of Canada (BOC) rate hike at Wednesday’s meeting the CAD has strengthened on this cross, even as the uncertainty over the NAFTA outcome remains. The NZD is now at 0.9070 on this cross after last week’s high at 0.9112, immediate support is at 0.9000 which may be tested if tomorrow’s GDT auction prices disappoint.

Exchange Rates

Current Level: 0.9073

Support: 0.8950

Resistance: 0.9150

Last Week’s Range: 0.8898 – 0.9105

View NZDCAD charts

Although Canadian data continues to be solid, renewed concerns around the ongoing NAFTA talks have spooked the CAD over the last few days. The NZD opened the week down around the 0.8878 mark and has strengthened to trade currently at a 0.9112 high. Has now eased of a little to trade around 0.9083, but we look for further NZD strength on this cross as NAFTA uncertainties continue with 0.9120 targeted early next week.

Exchange Rates

The current interbank midrate is:NZDCAD 0.9083

The interbank range this week has been:NZDCAD 0.7808 – 0.7902

View NZDCAD charts

The continued solid Canadian economic data has given the CAD a lift against all of its trading partners over the week or so. Last Fridays strong Canadian jobs report saw the NZD/CAD fall back to the 0.8856 level, it is now trading around 0.8915 and we look for consolidation over the next few days around the 0.8880-0.8930 level.

Exchange Rates

Current Level: 0.8911

Support: 0.8850

Resistance: 0.9050

Last Week’s range: 0.8862 – 0.8959

View NZDCAD charts

Remains choppy, but the NZD has ground higher against this cross over the last few weeks and now stands around the 0.9020 level….Canadian data remains solid which has helped help the CAD in the face of more negative NAFTA trade talk news.

Exchange Rates

Current Level: 0.9020

Support: 0.8800

Resistance: 0.9050

Last Week’s range: 0.8891 – 0.9035

View NZDCAD charts

It has been a choppy week for the NZD/CAD pair with the NZD making a high of 0.9009 then sliding back to 0.8901 over a two day period. NAFTA talks have some effect on the CAD but these will grind on for some time, so drivers of CAD levels will centre more on economic releases which have been solid. The NZD pull should hold around current levels at 0.8905 and we look for a 0.8875-0.8925 range for the start of next week.

Exchange Rates

The current interbank midrate is: NZDCAD 0.8935

The interbank range this week has been: NZDCAD 0.8773 – 0.9012

View NZDCAD charts

The Canadian dollar (CAD) ended last week buoyed by more solid data, but news of the new RBNZ governor yesterday boosted the New Zealand dollar (NZD). Now around 0.8890, the NZD is over 100 pips higher than 0.8783 that started the week for the on this cross. Immediate resistance is at 0.8926 but we doubt if the Kiwi has wings to push past this level, especially since Canadian data is CAD supportive. Those looking to transfer NZD to CAD should take advantage of this period of NZD strength.

Exchange Rates

Current Level: 0.8883

Support: 0.8700

Resistance: 0.8930

Last week’s range: 0.8691 – 0.8902

View NZDCAD charts

The New Zealand dollar (NZD) closes the week higher against the Canadian dollar (CAD) at 0.8760, up from 0.8683 on Monday. Immediate resistance is around 0.8770 now not far away. Support still at 0.8700 should stay in a narrow range to end this week and open next.

Exchange Rates

The current interbank midrate is: NZDCAD 0.8763

The interbank range this week has been: NZDCAD 0.8642-0.8772

View NZDCAD charts

Not much movement on this cross, with the NZD/CAD now at 0.8715 after closing at 0.8701 on Friday and no clear trend. Immediate resistance is at 0.8750 with downside at 0.8700. There is little data this week so should trade within existing ranges over the week.

Exchange Rates:

Current Level: 0.8710

Support: 0.8700

Resistance: 0.8870

Last week’s range: 0.8642 – 0.8818

View NZDCAD charts

We have seen a gradual drift lower for the New Zealand dollar (NZD) on this cross as the Canadian dollar (CAD) has enjoyed support from firmer crude oil prices and better economic data. The NZD/CAD is now at 0.8740 after a week high at 0.8818 two days ago. Immediate support is at 0.8720 level which if broken could extend to 0.8685. Canadian CPI data tonight should provide further direction. NZD lower is favoured on this cross.

Exchange Rates:

The current interbank midrate is: NZDCAD 0.8746

The interbank range this week has been: NZDCAD 0.8725 – 0.8820

View NZDCAD charts

The New Zealand dollar (NZD) has drifted lower against the Canadian dollar (CAD) over the last 3 days. Now at 0.8755 and we expect a test of 0.8750 support later tonight, which if broken could extend to 0.8685. The continued firm crude oil price is CAD supportive and we now favour further NZD downside over the week.

Exchange Rates:

Current Level Support Resistance Last week’s range
NZD/CAD 0.8750 0.8750 0.9000 0.8745 – 0.8872
 

View NZDCAD charts

There is no clear direction on this cross but the New Zealand dollar (NZD) is lower around 0.8810 after a weekly high of 0.8871 in the wake of yesterday’s RBNZ rate statement. The Canadian dollar (CAD) remains supported by continued firm oil prices and the pair should hold around current levels with immediate support at 0.8775 holding to end the week.

Exchange Rates: 

The current interbank midrate is: NZDCAD 0.8809

The interbank range this week has been: NZDCAD 0.8781 – 0.8902

View NZDCAD charts

The NZD/CAD has dropped to 0.8823 on this cross after the better than expected Canadian jobs figures on Friday and the extra support the Canadian dollar is enjoying from stronger oil prices. Immediate support is at 0.8775. CAD is the favourite of this pair as such the New Zealand dollar should struggle to make significant gains for now.

Current Level Support Resistance Last week’s range
NZD/CAD 0.8826 0.8750 0.9000 0.8781 – 0.8929

View NZDCAD charts

The New Zealand dollar is around 0.8862 vs the CAD in choppy trading over the week that has seen a range of 0.8764-0.8926. Canadian jobs data tonight may pressure this cross further. Immediate support is 0.8842 then 0.8777.

The current interbank midrate is: NZDCAD 0.8862

 

The interbank range this week has been: NZDCAD 0.8768 – 0.8929

View NZDCAD charts

Choppy trading for this pair now back at 0.8780 with no clear direction. A bounce in the New Zealand dollar would see a break of 0.8820 but with offshore influence likely to drive both currencies this week we expect this cross to stay within the current 0.8750-0.8820 range mover the next few days.

Current Level Support Resistance Last week’s range
NZD/CAD 0.8796 0.8750 0.9000 0.8711 – 0.8857

View NZDCAD charts

We have seen a volatile week for this pairing, but overall the market’s ended up close the where it started. The lows came in at 0.8711 just ahead of the Bank of Canada’s rate meeting. Their more dovish than expected rhetoric saw the Canadian dollar come under pressure and that drove the cross rate back up toward 0.8820. Although we expect further choppy trading over next week, we suspect a low may have been put in place and the pair may try to text back up toward 0.8820. A break above there would open the way for a move toward 0.8900.

The current interbank midrate is: NZDCAD 0.8788

 

The interbank range this week has been: NZDCAD 0.8711 – 0.8842

 

View NZDCAD charts

The NZD opens the week stronger against the CAD at 0.8995 after the CAD slipped against the USD…may push up above  0.9000 to 0.9015 on tonight’s dairy auction.

Current Level Support Resistance Last week’s range
NZD/CAD 0.8994 0.8885 0.9050 0.8881 – 0.9048

View NZDCAD charts

The NZD is back at 0.8975 after the Canadian dollar drifted lower to 0.8877 on the BoC Governor’s comments on Wednesday. No clear direction and should close tonight /open Monday around current levels.

The current interbank midrate is:    NZDCAD 0.8972

The interbank range this week has been:    NZDCAD 0.8881 – 0.9062

View NZDCAD charts

The New Zealand dollar is pretty much unchanged on this cross. Now at 0.8960 but with Canadian data disappointing a move back to the 0.8940 region looks likely in the next few days.

Current Level Support Resistance Last week’s range
NZD/CAD 0.8956 0.8885 0.9000 0.8943 – 0.9084

View NZDCAD charts

The NZD is now at 0.8978 on this cross as the Canadian dollar is hit with softer oil prices. However with tonight’s Canadian economic data expected to be solid look for further slides towards the 0.8920/30 mark.

The current interbank midrate is:    NZDCAD 0.8976

The interbank range this week has been:    NZDCAD 0.8802 – 0.9084

View NZDCAD charts

The NZD is back at 0.8800 after a low of 0.8738 earlier in the week as weaker oil prices have dented CAD rises. However Bank of Canada future rate hike speculation should help CAD over the medium term look for 0.8780-0.8820 rage into next week. 

The current interbank midrate is:    NZDCAD 0.8804

The interbank range this week has been:    NZDCAD 0.8743 – 0.8884

View NZDCAD charts

The New Zealand dollar is back at 0.8775 after a low of 0.8750 on Friday as the Canadian dollar opens softer on weaker oil prices. There is little data from either country this week and as such we expected the pair to hold around current levels which would see it broadly consolidate around 0.8800.

Current Level Support Resistance Last week’s range
NZD/CAD 0.8760 0.8720 0.8900 0.8759 – 0.8981

View NZDCAD charts

After a high on the CAD at 0.8978 early this week this was hit by the surprise BoC rate hike which saw a sharp drop to the 0.8753 mark…should consolidate at current levels heading into next week but downside is favored.

The current interbank midrate is:    NZDCAD 0.8815

The interbank range this week has been:    NZDCAD 0.8759 – 0.8981

View NZDCAD charts

The Canadian dollar continues to lead on this cross, now at 0.8887 traffic has been all one-way for the New Zealand dollar. It made a 0.8854 low on Friday and should retest this level. BoC meeting on Wednesday may provide further ammunition for further CAD advances.

Current Level Support Resistance Last week’s range
NZD/CAD 0.8889 0.8850 0.9110 0.8865 – 0.9113

View NZDCAD charts

The NZD has had a big dump against the Canadian dollar, down from 0.9110 to 0.8931 over the last 4 days. It is now at 0.8935 with immediate support at 0.8900 and continues to look vulnerable.

The current interbank midrate is:    NZDCAD 0.8936

The interbank range this week has been:    NZDCAD 0.8941 – 0.9113

View NZDCAD charts

The NZD has ground back to 0.9048 against the Canadian dollar in spite of an increase in oil prices. The CAD may be negatively affected by the NAFTA trade talks starting on Friday which given hostile US rhetoric may induce some CAD weakness. Expect trading around current levels for the next 2-3 days.

Current Level Support Resistance Last week’s range
NZD/CAD 0.9034 0.9000 0.9185 0.9007 – 0.9201

View NZDCAD charts

The stronger CAD trend has continued throughout the week, now at 0.9023 after support at 0.9185 broke on Tuesday night. CAD is supported by firmer oil prices and should hold around current levels heading into next week.
The current interbank midrate is:    NZDCAD 0.9027

The interbank range this week has been:    NZDCAD 0.9007 – 0.9275

View NZDCAD charts

The stronger CAD has pressured the New Zealand dollar on this cross. Now at 0.9171 as the stronger oil/commodity prices have helped the Canadian dollar. Don’t see huge downside for the NZD on tis cross with support at 0.9185 should hold over the next few days. NAFTA trade re-negotiations have the potential to cause volatility in the CAD.

Current Level Support Resistance Last week’s range
NZD/CAD 0.9190 0.9185 0.9350 0.9190 – 0.9304

View NZDCAD charts

The NZD has failed to consolidate moves higher on this cross and is now down around 0.9228,,support is at 0.9203 but this should into early next week.

The current interbank midrate is:    NZDCAD 0.9226

The interbank range this week has been:    NZDCAD 0.9207 – 0.9304

The New Zealand dollar bounce back has pressured the Canadian dollar on this cross. It is now trading at 0.9290 should test 0.9300, which if broken would see 0.9350 targeted.

Current Level Support Resistance Last week’s range
NZD/CAD 0.9298 0.9220 0.9350 0.9225 – 0.9354

The better Canadian dollar performance has kept pressure on the New Zealand dollar this week. It is now at 0.9260 with support very close at 0.9250 a break of which would target 0.9220. For now the risks remain to the downside.

The current interbank midrate is:    NZDCAD 0.9255

The interbank range this week has been:    NZDCAD 0.9225 – 0.9389

The NZD/CAD is currently around 0.9317 and should remain in the 0.9300-0.9400 range seen over the last two weeks. Canadian fundamentals remain mixed and we would favour the New Zealand dollar but a break of 0.9300 would expose 0.9250/60.

Current Level Support Resistance Last week’s range
NZD/CAD 0.9314 0.9300 0.9400 0.9305 – 0.9395

The New Zealand dollar has traded in a choppy manner against the CAD but within a broad 0.9300-0.9400 rang over the week. It is now at 0.9344 looks to close the week at current levels but given weaker Canadian dollar fundamentals we still favour a move back over the 0.9400 level next week.
The current interbank midrate is:    NZDCAD 0.9342

The interbank range this week has been:    NZDCAD 0.9305 – 0.9403

View NZDCAD charts

The New Zealand dollar has outperformed the Canadian dollar this week, during what has been volatility trading in the wider market. That volatility was driven by sharp declines in the value of the USD and as the NZD lept higher over this period, it drove the NZDCAD cross rate up to a high yesterday of 0.9416. The pair is currently trading not far below that high at 0.9400 and for now the risks remain skewed toward further gains. Support should be seen on any dips toward 0.9350.
The current interbank midrate is:    NZDCAD 0.9402

The interbank range this week has been:    NZDCAD 0.9263 – 0.9416

View NZDCAD charts

The New Zealand dollar staged something of a recovery against the Canadian dollar late last week driving the cross up to a 0.9375 high. Positive comments from NZ Finance Minister Joyce helped to support the move, but decent data from Canada on Friday night, in the form of Wholesale Trade Sales, once again saw the CAD take the ascendancy. The pair currently trades around the 0.9300 level and while we suspect it may test a little lower yet, we don’t have a firm view on near term direction. Support comes in around 0.9220 while on the topside there is resistance around 0.9380.

Current Level Support Resistance Last week’s range
NZD/CAD 0.9301 0.9220 0.9380 0.9221 – 0.9375

View NZDCAD charts

There has been little overall direction for this pair over the past week. Choppy trading back and forth between the broad parameters of 0.9220 and 0.9330 has dominated the price action. The Canadian dollar remains in demand thanks to the hawkish rate hike from the Bank of Canada last week, while on the NZD side of the equation we’ve seen the local currency recover from its post inflation data lows to head into the end of the week showing some strength. Tonight’s Canadian data, in the form of inflation and retail sales, will draw attention and may well dictate near term direction.

The current interbank midrate is:    NZDCAD 0.9321

The interbank range this week has been:    NZDCAD 0.9221 – 0.9367

View NZDCAD charts

The New Zealand dollar has seen a choppy week of trading vs the Canadian dollar. The lows at 0.9219 traded in the immediate aftermath of the Bank of Canada’s interest rate hike last week. The NZD then managed a decent recovery all the way to 0.9395, but it now looks like a retest of the lows is back on the cards. Soft NZ inflation data this morning has hurt the NZD and it’s likely to remain under pressure over the coming 24 – 48 hours. A dairy auction tonight may well influence, but unless it comes in very strong, the risks for the NZDCAD remain on the downside.

Current Level Support Resistance Last week’s range
NZD/CAD 0.9233 0.9200 0.9400 0.9219 – 0.9399

View NZDCAD charts

For much of this week the Canadian dollar has outperformed the NZD driving the cross relentlessly lower. The Bank of Canada interest rate hike, and hawkish statement have been key factors behind the move and for the time being the CAD should remain well supported.

We did however see the New Zealand dollar stage a sharp recovery off last night’s 0.9219 low and that will give sellers some pause for thought. For now the downtrend remains intact, but if key support around 0.9200 continues to contain the downside, a much broader recovery may develop. That level has put a floor under the pair for the past 12 months. Those looking to sell CAD and buy NZD should take advantage of dips toward the 0.9200 area.

The current interbank midrate is:    NZDCAD 0.9317

The interbank range this week has been:    NZDCAD 0.9219 – 0.9469

View NZDCAD charts

The Canadian dollar has been a strong performer over the past couple of weeks, buoyed by increasing expectation of an interest rate hike from Bank of Canada (BOC) this week. Friday’s strong Canadian employment numbers have only added to this expectation and they helped to push the NZDCAD cross down to is 0.9350 low.  There is solid support around 0.9325 however and that may well contain the downside leading into Wednesday night’s’ BOC announcement. Direction after that will largely depend on what the BOC signal going forward.

Current Level Support Resistance Last week’s range
NZD/CAD 0.9352 0.9325 0.9525 0.9346 – 0.9473

View NZDCAD charts

The NZD has continued on its lower track against the Canadian dollar hitting 0.9368 yesterday, is now back around 0.9458, but we still favour a firmer CAD on this cross if oil prices continue to firm.
The current interbank midrate is:    NZDCAD 0.9463

The interbank range this week has been:    NZDCAD 0.9373 – 0.9527

View NZDCAD charts

The NZD continues to track lower on the Canadian dollar strength, is now around 0.9458 with next support at 0.9415 , given current CAD positive tone look for a test of this level in the next couple of days.

Current Level Support Resistance Last week’s range
NZD/CAD 0.9460 0.9400 0.9600 0.9440 – 0.9710

The NZD has bit hit lower against the Canadian dollar. It is now at 0.9507 after a high of 0.9714, should consolidate after the short sharp drop, but next week’s US data will impact the CAD.
The current interbank midrate is:    NZDCAD 0.9514

The interbank range this week has been:    NZDCAD 0.9470 – 0.9710

View NZDCAD charts

NZD is holding firm against the Canadian dollar, around 0.9660 and given continued weak oil prices, the NZD is favoured on this cross. It has been at 0.9695 last week and we look for a move back towards this level over the week.

Current Level Support Resistance Last week’s range
NZD/CAD 0.9662 0.9550 0.9700 0.9551 – 0.9691

View NZDCAD charts

Currently the New Zealand dollar is at 0.9554 well back from last week’s high at 0.9706, given continuing softness in the crude oil price we expect the NZD to trade higher back towards the 0.9600/50 level.

Current Level Support Resistance Last week’s range
NZD/CAD 0.9558 0.9550 0.9700 0.9531 – 0.9676

View NZDCAD charts

The New Zealand dollar had a brief spike up toward 0.9680 vs the Canadian dollar mid-week, but it was short lived. The pair was quickly pushed back down toward initial support around 0.9530 on the back of softer than forecast NZ GDP data. If the 0.9530 level gives way then further losses are likely to follow. So far however it’s managed to contain the downside.
The current interbank midrate is:    NZDCAD 0.9562

The interbank range this week has been:    NZDCAD 0.9533 – 0.9758

View NZDCAD charts

The NZD has drifted lower against the Canadian dollar. Now at 0.9580 as BoC rate hike speculation mounts. Weaker oil prices will put pressure back on the CAD.

Current Level Support Resistance Last week’s range
NZD/CAD 0.9594 0.9550 0.9650 0.9578 – 0.9758

View NZDCAD charts

After a high at 0.9659 on Friday night the New Zealand dollar is now back around 0.9623 vs the CAD. The weaker crude oil price has helped the NZD break over the 0.9600 level and should this weakness continue, look for the NZD to have another push towards 0.9650 over the next few days.

Current Level Support Resistance Last week’s range
NZD/CAD 0.9626 0.9500 0.9650 0.9491 – 0.9661

Now up at 0.9546 the New Zealand dollar continues to build on the CAD. It will close the week around current levels but may struggle to get above 0.9600 next week if the CAD supportive oil price continues to move higher.
The current interbank midrate is:    NZDCAD 0.9550

The interbank range this week has been:    NZDCAD 0.9454 – 0.9601

View NZDCAD charts

The New Zealand dollar continues to build on its CAD gains, currently at 0.9492 down from 0.9533 seen overnight but the trend is a slow grind higher, immediate support is at 0.9450 but we look for a move back over 0.9500 in the next day or so.

Current Level Support Resistance Last week’s range
NZD/CAD 0.9496 0.9450 0.9550 0.9419 – 0.9536

View NZDCAD charts

The stronger NZD is back at 0.9455 on this cross, next extension level is at 0.9523, but we expect some time around current levels before an attempt is made at these elevated levels over the next few days. If oil prices continue to firm this will favour CAD.

Current Level Support Resistance Last week’s range
NZD/CAD 0.9452 0.9325 0.9465 0.9341 – 0.9469

View NZDCAD charts

The New Zealand dollar opens the week higher against the CAD. It’s currently at 0.9389 after a high yesterday at 0.9424 and should remain firm. However increased oil prices should help the Canadian dollar with any moves to above 0.9424 encountering resistance.

Current Level Support Resistance Last week’s range
NZD/CAD 0.9381 0.9350 0.9450 0.9334 – 0.9526

View NZDCAD charts

The New Zealand dollar continues lower against the Canadian dollar. It’s now at 0.9365 and on target to test 0.9350, but fundamentally the NZD is better supported and we look for a move back over 0.9400 next week.
The current interbank midrate is:    NZDCAD 0.9363

The interbank range this week has been:    NZDCAD 0.9335 – 0.9526

View NZDCAD charts

The New Zealand dollar has drifted lower against the CAD over the last week, currently at 0.9462 after a 0.9550 high last Wednesday. With lower oil prices set to continue look for the NZD to break back over 0.9500 in the next few days.

Current Level Support Resistance Last week’s range
NZD/CAD 0.9455 0.9350 0.9520 0.9389 – 0.9551

View NZDCAD charts

The New Zealand dollar jumped around in a 0.9356-0.9550 range against the Canadian dollar over the week. It’s now at 0.9450 with no clear trend. Given trade issues with the US we look for more NZD strength heading into next week, a push back into the 0.95+ level is expected.
The current interbank midrate is:    NZDCAD 0.9450

The interbank range this week has been:    NZDCAD 0.9356 – 0.9552

View NZDCAD charts

Choppy trading on this cross ranging over a 0.9504 – 0.9315 range for the week as the Canadian dollar was hit by trade tariffs for timber imposed by the Trump administration. It’s now sitting around 0.9460 the New Zealand dollar is favoured on this cross and we see potential for a move back to the 0.9500 level over the week.

Current Level Support Resistance Last week’s range
NZD/CAD 0.9455 0.9300 0.9500 0.9321 – 0.9477