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NZD to CAD – Canadian Dollar to New Zealand Dollar

When converting New Zealand dollars to Canadian dollars (NZD to 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): 1.50%         Bank of Canada (BoC): 1.75%


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After dipping to near the yearly low of 0.8690 the Canadian Dollar (CAD), New Zealand Dollar (NZD) sits around 0.8750 where it has consolidated around this area Friday. With a lack of any economic data this week the pair has been mainly driven by offshore forces. Further setbacks in the kiwi has been well supported at these levels with the Loonie also under pressure from a more dovish Bank of America decision and falling Crude Oil prices. We expect to see a recovery of sorts back to 0.8900

Exchange Rates
The current interbank midrate is: NZDCAD 0.8718
The interbank range this week has been: NZDCAD 0.8705- 0.8835

After climbing to 0.8920 last week the New Zealand Dollar (NZD) has closed the week at 0.8840 against the Canadian Dollar (CAD) after solid Canadian employment figures surprised markets. An additional 5,000 people were expected to be added to the labour force, but the number turned out to be much higher at 27,000, this follows the stellar print from the 106,000 increase in April. The unemployment rate also was impressive at 5.4% from 5.7% expected. The CAD momentum has continued in Tuesday extending to 0.8760 even though Crude Oil dropped almost 1% overnight. We are 60 odd points off the yearly low but a retest of this is unlikely with a lack of data to publish this week we should remain within current ranges.

Exchange Rates
Current Level: 0.8766
Resistance: 0.8910
Support: 0.8700
Last Weeks Range: 0.8760-0.8919

The NZD was higher on this cross overnight at the 0.8918 level as the CAD was knocked by a firmer NZD across the board and a drop in crude oil prices. There was some good data from Canada earlier this week in that labour productivity in the first quarter rose by 0.3% to meet analysts’ estimates but, this was largely ignored by the participants. Currently the NZD/CAD cross is around 0.8892 and deviations from current levels is unlikely ahead of tomorrow’s US payrolls data…look for 0.8850-0.8925 range over the next day or so.

Exchange Rates
The current interbank midrate is: NZDCAD 0.8889
The interbank range this week has been: NZDCAD 0.8818- 0.8919

The New Zealand Dollar (NZD), Canadian Dollar (CAD) has been unaffected remaining around the 0.8800 area after the Bank of Canada left their benchmark rate unchanged at 1.75% overnight. Recent economic data and projection for inflation targets fall in line with recent projections so the current rate was appropriate as a sign of the times. Earlier the BoC cut its growth forecast from 1.7% to 1.2% with no further need for hikes. The NZ Financial Stability report highlighted ongoing risks to the NZ economy with household debt levels and offshore global exposures the main concerns. ANZ Business Confidence released slightly down on expectations of -37.5 at -32.0 with manufacturing the most positive sector- a net 32% of businesses say they are not optimistic towards growth over the coming year. The NZD was broadly unmoved following both releases. Buyers of CAD should consider levels around the current price of 0.8800 before the bearish momentum resumes.

Exchange Rates
The current interbank midrate is: NZDCAD 0.8802
The interbank range this week has been: NZDCAD 0.8787- 0.8837

The New Zealand Dollar (NZD) closed the week at the 0.8800 mark against the Canadian Dollar (CAD) after rebounding from the low of 0.8700 Wednesday. Global concerns have weighed in again after poor US data which led to falls in equities with Crude Oil dropping to 58.20 and devaluing the CAD across the board. Tuesday’s price action looks to retrace towards the earlier low with nothing on the calendar today. Wednesday’s slew of NZ data including ANZ Business Confidence and the RBNZ Financial Stability Report will be in focus. The Bank of Canada will set their overnight rate Thursday which is widely expected to remain at 1.75%. Buyers of CAD should consider this spike before the bearish continuation resumes.

Exchange Rates
Current Level: 0.8797
Resistance: 0.8870
Support: 0.8690
Last Weeks Range: 0.8689-0.8824

The New Zealand Dollar (NZD) bounced sharply off the early November 18 low of 0.8688 Friday morning to retrace towards 0.8790 against the Canadian Dollar after a massive drop in the value of Crude Oil overnight. Global concerns have weighed in again after poor US data which led to falls in equities and Crude dropping a massive 5.65% down to 58.20 thus devaluing the CAD across the board 0.75% versus the kiwi. We don’t think the excitement will last with the pair still moving in a bearish trend extending all the way back from 0.9280 in late March.

Exchange Rates
The current interbank midrate is: NZDCAD 0.8780
The interbank range this week has been: NZDCAD 0.8688- 0.8794

The New Zealand Dollar (NZD) continues to peel off against the Canadian Dollar (CAD) dropping to 0.8770 Tuesday. We have seen eight weeks now of declines in the kiwi from the high of 0.9250 back towards late March. Heightened trade concerns and a devalued Yuan have weighed on risk currencies. Major support at 0.8650, October 2018 high has entered the picture with further declines likely for the kiwi. Both Retail Sales publish this week for investors to digest.
Exchange Rates
Current Level: 0.8775
Resistance: 0.8820
Support: 0.8750
Last Weeks Range: 0.8758-0.8876

The New Zealand dollar (NZD) continues to underperform the Canadian dollar (CAD), following the trend of the past 3 weeks or so. Heightened trade concerns and a depreciating Chinese yuan have weighed on the Kiwi and for the time being the risks remain skewed toward further NZDCAD weakness. There is major support toward 0.8650, although that’s still pretty far away at this stage. Bank of Canada (BOC) governor Poloz speaks tonight and next week we have retails sales data from both countries to digest.

Exchange Rates
The current interbank midrate is: NZDCAD 0.8799
The interbank range this week has been: NZDCAD 0.8789 – 0.8892

The New Zealand Dollar (NZD) has continued its bear run lower to break below 0.8800 late last week against the Canadian Dollar (CAD) before rebounding back to 0.8840 Tuesday. Risk sentiment is stifling the NZD with further breakdowns in the US and China tariffs. Last week’s cut to the RBNZ cash rate to 1.50% has also put pressure on the NZD. Canadian employment rose by a massive 107,000 Saturday rebounding after falling in March with notable increases in part time work for the youth. The unemployment rate also dropped to 5.7% from 5.8%. Further falls in the cross are seen this week when Canadian m/m CPI is expected to print well.

Exchange Rates
Current Level: 0.8864
Resistance: 0.8930
Support: 0.8830
Last Weeks range: 0.8792-0.8901

The New Zealand Dollar (NZD) continued to underperform against the Canadian Dollar (CAD) this week reaching a fresh early November 2018 low of 0.8790 before recovering back to 0.8870. The RBNZ surprised markets by dropping the cash rate to 1.50% from 1.75% in a unanimous vote by the new RBNZ monetary policy committee, with comments made from Orr saying this was necessary to counteract the outlook for employment and low inflation. The committee wanted to get ahead of the game early, we see rates remaining unchanged until early 2020 where they will drop another 25 points to 1.25% before climbing again in 2022.

Exchange Rates
The current interbank midrate is: NZDCAD 0.8875
The interbank range this week has been: NZDCAD 0.8790- 0.8938

The New Zealand Dollar (NZD) fell further in value from 0.8960 against the Canadian Dollar (CAD) last week when NZ employment figures disappointed deflating the NZD to fresh lows. The pair currently sits at a multi month low of 0.8875 a mid-November 2018 low. Wednesday’s RBNZ cash rate announcement promises to be rousing with mixed views on whether the new monetary policy committee (MPC) will leave the rate unchanged at 1.75% or drop it to 1.50%. Canadian unemployment prints at the end of the week with no change expected to the 5.8%.

Exchange Rates
Current Level: 0.8874
Resistance:0.8990
Support: 0.8800
Last Weeks Range: 0.8871-0.8989

The New Zealand Dollar (NZD) sits just off last week low of 0.8875 against the Canadian Dollar (CAD) Friday, after a poor performing NZD this week. After the Bank of Canada left their cash rate unchanged last week at 1.75% in a dovish statement the NZD gave back all gains when ANZ Business confidence fall short and jobs data came in under expectations. Parked just off the yearly low of 0.8875 the kiwi looks vulnerable to the downside with the RBNZ cash rate announcement to publish next Wednesday. We are predicting an unchanged vote at 1.75% but many are expecting a 0.25% cut.

Exchange Rates
The current interbank midrate is: NZDCAD 0.8908
The interbank range this week has been: NZDCAD 0.8880- 0.8988

The New Zealand Dollar (NZD), Canadian Dollar (CAD) cross drifted to a low of 0.8875 last week driven by expectations of the RBNZ cutting rates next month. The Bank of Canada (CAD) retained their current cash rate at 1.75% sighting further uncertainty relating to US trade conflicts affecting business sentiment in a dovish statement. The announcement boosted the kiwi back to 0.8970 towards the weekly close. Tomorrow m/m GDP and NZ jobs figures hold key focus this week with NZ unemployment expected to creek slightly lower to 4.2%. Price this week has been bullish continuing last week’s theme pushing it back towards 0.9000 psychological resistance.

Exchange Rates
Current Level: 0.8969
Resistance: 0.9050
Support: 0.8870
Last Weeks Range: 0.8876-0.8989

The New Zealand dollar / Canadian dollar (NZD/CAD) cross has remained broadly under pressure this past week, driven lower by RBNZ interest rate cut expectations, that have weighed on the NZD, and improving crude oil prices, that have supported the CAD. Tonight we have the Bank of Canada Monetary Policy Report to digest and while no change in interest rates is expected, the language of the rate statement will be closely analysed in light of the ongoing trade tensions and weaker outlook for domestic growth. There is significant support for the pair around 0.8900, and while we saw a dip below that level last night, to a low of 0.8894, it was short lived with the cross quickly recovering to currently trade at 0.8935. Any sustained break below 0.8900 would open the way for a move toward 0.8780.

Exchange Rates
Current Level: 0.8935
Resistance: 0.9500
Support: 0.8900
Last Weeks Range: 0.8894-0.8994

After a low in the NZD/CAD cross of 0.8984 last Friday the NZD has strengthened this week to a high overnight of 0.9053 as Canadian data in the form of a decrease of 0.2% for February manufacturing allied with a poor business outlook survey points to a slowdown in the economy in the first quarter. This cross is now around 0.9040 mainly on a softer NZD/USD tone…given today’s lower NZ CPI figure look for the NZD to retrace towards the 0.8900 level on this cross.

Exchange Rates
Current Level: 0.8957
Resistance: 0.9070
Support: 0.8900
Last Weeks Range: 0.8960-0.9034

The New Zealand Dollar (NZD) made reasonable traction after falling to 0.8960 early in the week, edging back to 0.9030 against the Canadian Dollar (CAD) in quiet market trading. A lack of data in the pair this week has seen very little movement. Overnight during the NY session risk diminished taking risk currencies lower- the kiwi falling back to 0.8990. Crude oil came off its current high falling back to 63.70 down 1.60% overnight based on the (IEA) International Energy Agency saying ongoing global uncertainty could lead to lower demand. Next week’s economic docket looks a lot more interesting with crucial quarterly NZ CPI and monthly Canadian CPI, later in the week Canadian Retail Sales.

Exchange Rates
The current interbank midrate is: NZDCAD 0.8993
The interbank range this week has been: NZDCAD 0.8959- 0.9030

The Canadian Dollar extended its hold over the New Zealand Dollar (NZD) last week from the late March high of 0.9280 price has clicked under 0.9000 to 0.8972 Tuesday, a six week low. Crude oil surges above 62.00 have been supporting the CAD, with Monday’s rally to 64.45, up 2.4% on the day, it’s hard to argue against. Friday’s employment printed down on expectations at -7,200 with analysts sighting the recent increase in immigration on the negative number, still numbers were solid through the first quarter showing a robust labour market.

Exchange Rates
Current Level: 0.8973
Resistance: 0.9280
Support:0.8900
Last Weeks Range: 0.8969-0.9072

The Canadian Dollar (CAD) extended recent moves against the New Zealand Dollar (NZD) over the week to drop to 0.8990, below pivotal support at 0.9000. The CAD has generally been a little choppy but with Crude Oil prices holding up over 62.00 this has given strong support for the Loonie across the board. NZ Business confidence came in soft with another read pointing to falling business confidence. Canadian employment data publishes tomorrow morning with a slightly negative jobs number with unemployment expected to remain at a hefty 5.8%

Exchange Rates
The current interbank midrate is: NZDCAD 0.9025
The interbank range this week has been: NZDCAD 0.8988- 0.9131

The New Zealand Dollar (NZD) plunged on Wednesday’s RBNZ announcement against the Canadian Dollar (CAD) to 0.9120 from 0.9250 a sizeable decline based on a surprisingly dovish slant from governor Orr suggesting the next rate shift would be down after mid year. Canadian GDP m/m is still to print tomorrow with an expected 0.1% growth. Currently the kiwi is still looking to go lower, transferring CAD at current levels represents good value.

Exchange Rates
The current interbank midrate is: NZDCAD 0.9106
The interbank range this week has been: NZDCAD 0.9095- 0.9280

The New Zealand Dollar (NZD) opened the week with a burst of energy reaching 0.9760 against the Canadian Dollar (CAD), carrying over its run up from last week. Data late last week in Canada turned in negative with Retail sales well down on expectations with crude oil coming off its recent highs. RBNZ tomorrow with CAD monthly GDP to print later in the week.

Exchange Rates
Current Level: 0.9259
Resistance: 0.9300
Support: 0.9200
Last Weeks Range: 0.9095-0.9281

The New Zealand Dollar (NZD) bounced higher on yesterday’s quarterly GDP figure to 0.9220 against the Canadian Dollar (CAD). The number surprised markets after most shared the view we were in for a lighter number than the 0.6% expected. The number came in at 0.6% generally highlighting reasonable stability in the economy which created a rally to a fresh yearly high. Currently we are sitting just off the 0.9200 area with Canadian CPI and Retail Sales to come early tomorrow morning. Last month’s CPI was poor if we get a similar result the kiwi could retest the multi year high of 0.9255

Exchange Rates
The current interbank midrate is: NZDCAD 0.9207
The interbank range this week has been: NZDCAD 0.9098- 0.9219

The New Zealand Dollar (NZD) closed the week where it left off against the Canadian Dollar (CAD) around the 0.9130 area after a turbulent few days. Upward pressures on Crude Oil has seen the CAD bounce back in favour across the board as price reaches 59.20 the highest price since November last year. Opec production cuts and a rising China-US dispute should see price track higher lifting the CAD further. NZ GDP followed by CAD monthly CPI and Retail Sales are the highlights on the calendar this week. We expect a retracement to the previous weeks level of 0.9070 on the horizon.

Exchange Rates
Current Level: 0.9133
Resistance: 0.9200
Support: 0.9070
Last Weeks Range: 0.9076-0.9197

The New Zealand Dollar (NZD) rallied to 0.9195 Wednesday against the Canadian Dollar (CAD) after risk markets improved. However, with the spike in Crude Oil back above 58.50 per barrel, from around 56.00, the CAD has regained all of the early losses and some. With price around the 0.9080 mark currently we expect a retest of the fortnightly low of 0.9050 with Canadian manufacturing data to print tomorrow.

Exchange Rates
The current interbank midrate is: NZDCAD 0.9104
The interbank range this week has been: NZDCAD 0.9073- 0.9197

The New Zealand Dollar (NZD) continued last week rally against the Canadian Dollar (CAD) extending to 0.9155 as risk improved. Equity markets are up on the day as well as Crude Oil to 56.86 but the NZD was preferred. The Bank of Canada downgraded earlier predictions that cash rates would track higher suggesting further uncertainty. Recent Canadian economic data releases have been poor. We expect price to track higher towards 0.9250 the 12 month high.

Exchange Rates
Current Level: 0.9151
Resistance: 0.9250
Support: 0.9110
Last Weeks Range: 0.9030-0.9163

The New Zealand Dollar (NZD) climbed as high as 0.9125 resistance midweek against the Canadian Dollar (CAD) but has eased back to 0.9090. The Bank of Canada maintained the cash rate at 1.75% but has watered down earlier predictions that rates will go higher with outlook uncertainty on the horizon. They need further stimulus to get greater confirmation around timing of future increases. Data has also been poor in Canada this week weakening the CAD. Price is still trading within the recent band with 0.9120 offering solid resistance.

Exchange Rates
The current interbank midrate is: NZDCAD 0.9085
The interbank range this week has been: NZDCAD 0.9030- 0.9126

Choppy movement in the New Zealand Dollar (NZD), Canadian Dollar (CAD) pair took price from support around 0.8950 late last week back to 0.9080 Tuesday. The cross continues to stay within the range of 0.8900 – 0.9120 over 2019 which suggests we are fairly toppy currently towards the top of the band. No news this week for the kiwi just Bank of Canada (BoC) Cash rate Thursday which is not expected to throw up any surprises. 1.75% will stay unchanged for now with markets focused on remarks from governor Poloz as to monetary direction for 2019. We favour price easing back to 0.9000 this week.

Exchange Rates
Current Level: 0.9077
Resistance: 0.9120
Support: 0.9040
Last Weeks Range: 0.8941-0.9109

The New Zealand Dollar (NZD) reached a high of 0.9110 Wednesday against the Canadian Dollar (CAD) but after NZ Trade balance returned a poor result coming in at -914 Million based on expectation of -300 Million the NZD deteriorated fast. ANZ Business was also poor with a net 30% of businesses expecting the economy to perform poorly over the remainder of 2019. To add to the downside in the kiwi, Crude Oil has recovered off early week lows to push over $2.00 higher to 57.25 assisting the CAD recovery. Strong support is around 0.8900 and this should hold initially.

Exchange Rates
The current interbank midrate is: NZDCAD 0.8966
The interbank range this week has been: NZDCAD 0.8942- 0.9109

Canadian Retail Sales and a deteriorating Crude Oil price Friday reversed the NZDCAD from the low of 0.8950 back to 0.9000 at the weekly close. The New Zealand Dollar (NZD) has started the week continuing its northern path with Retail Sales offering further assistance when figures showed a massive spike in spending for January after 1.70% was printed based on expectations of 0.5%. Price soured to 0.9090 with good chances it will continue if crude comes off further. Canadian GDP m/m prints Friday.

Exchange Rates
Current Level: 0.9071
Resistance: 0.9120
Support: 0.9000
Last Weeks Range: 0.8948-9099

The New Zealand Dollar (NZD) has dropped away to 0.8980 against the Canadian Dollar (CAD) after looking fairly stable around 0.9080 earlier in the week. Risk sentiment has diminished overnight with equities all closing in the red as markets became nervous around the Washington China/US trade discussions. The kiwi has also been dragged lower on a significantly weaker AUD after weaker poor data and a Coal ban into China sank the AUD. We see the pair staying above crucial support of 0.8900 for now with a chunk of economic data on the radar next week starting with NZ Retail Sales Monday.

Exchange Rates
The current interbank midrate is: NZDCAD 0.9001
The interbank range this week has been: NZDCAD 0.8954- 0.9119

The New Zealand Dollar (NZD) extended gains against the Canadian Dollar (CAD) deep into Friday sessions and extending into Monday reaching a fresh high of 0.9120. Price has eased lower to 0.9060 Tuesday with a lack of liquidity drivers. Crude oil is up over 56.00 which has led to better prices for the CAD. Canadian Retail Sales prints Friday, with nothing on the NZ docket this week.

Exchange Rates
Current Level: 0.9074
Resistance: 0.9120
Support: 0.9000
Last Weeks Range: 0.8901-0.9118

The New Zealand Dollar (NZD) came off a low of 0.8910 Wednesday and rallied to 0.9119 Friday against the Canadian Dollar (CAD) before settling around 0.9080. The RBNZ was to blame publishing unchanged at 1.75%, but it was the less dovish comments from Adrian Orr which saw the kiwi turn bullish. Orr wasn’t prepared just yet to downgrade the outlook like other central banks have done lately instead saying the economy was well balanced. We still think the next shuffle from the RBNZ will be down but this more than likely won’t happen until late 2020. Crude Oil has closed at 54.44 this morning up 1.10% on the day and relieved the CAD. If Oil drops in value we could see a retest of the previous highs of 0.9240 come into play.

Exchange Rates
The current interbank midrate is: NZDCAD 0.9070
The interbank range this week has been: NZDCAD 0.8900- 0.9118

Last week’s worse than expected NZ jobs figures will continue to weigh on the New Zealand Dollar (NZD) against the Canadian Dollar (CAD) heading into Wednesday’s RBNZ Cash Rate announcement. The current 1.75% is expected to remain for a while longer but Adrian Orr’s key statement could send a strong message to markets which are expected a dovish view for 2019. Quarterly inflation expectations follow the statement and as with the BoE and the RBA we could see the forecast figure of 2.0% downgraded. We expect price to retest support of 0.8930

Exchange Rates
Current Level: 0.8951
Resistance: 0.9000
Support: 0.8930
Last Week’s Range: 0.8930-9066

New Zealand unemployment sank the NZ Dollar (NZD) to a new monthly low of 0.8935 against the Canadian Dollar (CAD) after figures printed poor. NZ employment data numbers posting a 4.3% unemployment rate after 4.1% was predicted with wage growth also poor. If wage inflation remains low the OCR could be forced to lower the cash rate later in the year to 1.50%. Canadian employment data prints tomorrow morning, if results are positive and Crude prices go higher overnight we should see price move to around the yearly low of 0.8900.

Exchange Rates
The current interbank midrate is: NZDCAD 0.8968
The interbank range this week has been: NZDCAD 0.8929- 0.9066

View NZDCAD charts

The New Zealand Dollar (NZD) has made small gains last week against the Canadian Dollar (CAD) reaching 0.9120 Friday during overnight trading sessions before easing back to 0.9040 levels. Crude Oil prices has come off the low of 51.40 to trade just over the 54.50 handle boosting the CAD but we think is only temporary with a retest of last week’s high possible. Both countries have employment data printing so it will a battle of who shows the best job numbers as to momentum.

Exchange Rates
Current Level: 0.9011
Resistance: 0.9120
Support: 0.8900
Last Weeks Range: 0.9009-0.9119

The New Zealand Dollar (NZD) has made small gains this week against the Canadian Dollar (CAD) reaching 0.9090 during the overnight trading sessions before easing back to 0.9065. Crude Oil prices has come off its low of 51.40 to trade just over the 53.00 handle but with better than expected NZ Trade Balance data out Tuesday we have seen buyers favour the kiwi on risk appetite. With the re-opening of US Federal Govt departments this relieved market tensions into Wednesday. Crucial monthly Canadian GDP data will be key at the end of the week.

Exchange Rates
Current Level: 0.9056
Resistance: 0.9100
Support: 0.9025
Last Weeks Range: 0.8907-0.9075

View NZDCAD charts

The stronger CAD overnight has seen this cross move down the 0.9035 level, should hold around current levels to the end of the week.

Exchange Rates

The current interbank midrate is:NZDCAD 0.9019
The interbank range this week has been:NZDCAD 0.8907- 0.9073

View NZDCAD charts

The New Zealand Dollar (NZD) is holding right on recent support of 0.8950 against the Canadian Dollar (CAD) after reaching a high late Friday of 0.9050. With global risks skewed to the downside especially with worse than expected Chinese date printing we have seen the kiwi track lower. Crude Oil looks is still pivoting around the 53.00 level still with the ability to create swings in the pair based on demand. If the pair breaks below 0.8900, we could see the downside Fibonacci level of 0.8800 come into play. Tomorrow’s NZ 4th quarter CPI holds the key to further discussions on the OCR moving off the current 1.75% later in the year based on future growth projections.

Exchange Rates
Current Level: 0.8948
Resistance: 0.9000
Support:0.8900
Last Weeks Range: 0.8934-0.9083

View NZDCAD charts

The New Zealand Dollar (NZD) lost ground this week falling to 0.8970 against the Canadian Dollar (CAD) while the price of Crude has stabilised somewhat. The Bank of Canada balanced things out when they reiterated their view of a slowdown in economic activity would only be temporary. We think it’s just a matter of time before the pair is back over 0.9000 with continued momentum to the downside for Oil the NZD will benefit. The low of around 42.00 during late December correlates with the price spike to 0.9250 at that time. Tomorrow Canadian CPI prints with expectations of -0.4% for December.

Exchange Rates

The current interbank midrate is:NZDCAD 0.8966
The interbank range this week has been:NZDCAD 0.8934- 0.9083

View NZDCAD charts

The Central Bank of Canada left the cash rate unchanged last week at 1.75% citing global expansion is moderate with growth forecast to be 3.4% in 2019 from the 3.7% in 2018. The Canadian Dollar (CAD) against the New Zealand Dollar (NZD) has been soft as Crude oil prices continue to fall. Overnight price has fallen 2.05% to trade at 50.59, the kiwi back over the physiological level of 0.9000 at 0.9050. Canadian CPI figures print later in the week and are expected to come in around -0.3% inflation for the month. Price action from here could retrace back towards the high of 0.9250 if crude continues to be sold off.

Exchange Rates
Current Level: 0.9065
Resistance: 0.9160
Support: 0.9030
Last Weeks Range:0.8916-0.9070

View NZDCAD charts

The strength in the Canadian Dollar (CAD) since late Christmas has seen it outperform the New Zealand Dollar (NZD) trading down to 0.8900, early November levels. The recovery of Crude Oil prices back to just under 50.00 has been the key driver for the CAD. At one point reaching a low of 42.50 in late December. Data and market condition have been thin extenuating moves, the one piece of economic data we did have was Canadian employment figures which released up on expectation with the unemployment rate tracking from 5.7% to 5.6%. The Bank of Canada (BoC) is expected to raise the cash rate tomorrow from 1.75% to 2.00% but with lower oil prices and global inflation subdued they may wait for several months to gauge outlook.

Exchange Rates
Current Level: 0.8933
Resistance: 0.9030
Support: 0.8915
Last Weeks Range:0.8916-0.9073

View NZDCAD charts

The weakness in the New Zealand Dollar (NZD) is the only reason the Canadian Dollar (CAD) has not fallen further than 0.9150. This week we have seen massive drops in Crude oil- last night to 4.2% to 46.16 putting enormous pressure on the CAD. But with weak NZ GDP printing at 0.3% as opposed to market expectations of 0.6% the currency has remained reasonably stable ranging between 0.9100 and 0.9250 levels. Canadian Retail Sales and GDP release tomorrow morning and will need to be positive for price to stay above 0.9080 support. Certainly if we see Crude buyers return and prop up price we should see the low retested.

Exchange Rates

The current interbank midrate is:NZDCAD 0.9153
The interbank range this week has been:NZDCAD 0.9075- 0.9249

View NZDCAD charts

The New Zealand Dollar (NZD) has reversed some of last week’s losses retracing off the low of 0.9080 to 0.9125 this morning against the Canadian Dollar (CAD) with crude oil falling back 1.6% holding just above 50.00. Foreign investments in Canadian Securities releases at 4B for October down from the 7.8B in September and lower than the 6.2B markets were expecting, the data dragged on the CAD. Over the past week the CAD has picked up gains over the NZD coming off the high of 0.9250 taking a breather from the bullish momentum we have seen since late September. This week’s main interest is with Canadian monthly CPI and NZ quarterly GDP Thursday with Canadian monthly GDP Friday.

Exchange Rates
Current Level: 0.9126
Resistance: 0.9230
Support: 0.9080
Last week’s Range: 0.9077-0.9250

View NZDCAD charts

Crude Oil prices had a massive reversal from the low of 50.50 this week back over 53.00 assisting the Canadian Dollar to push higher. Early in the week price reached 0.9250 but the Kiwi was soon under pressure back retracing back towards 0.9130 Thursday. Canadian Retail Sales and monthly GDP are both expected to print well based on recent economic performance which could see price move back to retest 0.9100 levels.

Exchange Rates

The current interbank midrate is:NZDCAD 0.9132
The interbank range this week has been:NZDCAD 0.9117- 0.9250

View NZDCAD charts

The New Zealand Dollar (NZD) has reached fresh highs against the Canadian Dollar (CAD) surpassing the 21 June 2018 high to reach 0.9255 during early Friday trading. Canadian unemployment figures release well up on expectations at 94,100 compared to 10,500 taking the pair off the high to 0.9120 at the close of the week. The official Unemployment rate dropped from 5.8% to 5.6% giving the CAD a much deserved break. However Monday’s Crude price has dropped a further 1.5% to 51.60 putting pressure back on the CAD. This week is a quiet week on the economic docket with no tier one data to release.

Exchange Rates
Current Level: 0.9215
Resistance: 0.9250
Support: 0.9110
Last Week’s Range:0.9106-0.9256

View NZDCAD charts

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

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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

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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

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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

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

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) 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

View NZDCAD charts

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

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