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Last modified on July 20th, 2018 4:02 am

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.

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): 1.25%

View NZDCAD charts

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

View NZDCAD charts

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

View NZDCAD charts

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

View NZDCAD charts

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

View NZDCAD charts

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

View NZDCAD charts

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

View NZDCAD charts

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

View NZDCAD charts

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

View NZDCAD charts

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

View NZDCAD charts

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

View NZDCAD charts

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

View NZDCAD charts

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

View NZDCAD charts

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

View NZDCAD charts

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

View NZDCAD charts

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

View NZDCAD charts

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

View NZDCAD charts

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

View NZDCAD charts

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

View NZDCAD charts

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

View NZDCAD charts

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

View NZDCAD charts

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

View NZDCAD charts

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

View NZDCAD charts

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

View NZDCAD charts

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

View NZDCAD charts

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

View NZDCAD charts

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

View NZDCAD charts

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

View NZDCAD charts

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