NZDCAD Due to TradingView’s limitations on the number of uploads, I have to post the analysis here.
The 0.80334 level is a strong and meaningful resistance, and the overall trend behind it is clearly bearish. Our primary setup is a short position, since we only trade in the direction of the trend—unless we see a confirmed trend reversal on the chart. If we draw a channel, it forms a clean structure, and the price has now reached the top of the channel, which allows us to keep a short position open toward the bottom of the channel. If the channel breaks to the upside—meaning the strong resistance is also broken—we will quickly update and upload a new analysis, and then wait for a buy trigger.
NZDCAD 📌 Asset: NZD/CAD – “New Zealand Dollar vs Canadian Dollar” Type: Swing Trade Opportunity Guide Bias: Bearish trend confirmed
📉 Trade Thesis The market shows a moving-average pullback reversal, aligning with a major support breakdown, confirming bearish continuation. Momentum structure + trend flow = clean bearish opportunity.
🎯 Entry Plan (Thief Layering Strategy) This trade uses the Thief OG multi-layer limit style. You may enter any price level, but here is the structured plan:
🧩 Sell-Limit Layers: 0.79500 0.79250 0.79000 (You can increase or adjust the layer count based on your own setup.)
This staggered entry method reduces risk concentration and increases precision during pullbacks.
🛑 Stop-Loss (Thief OG Style) SL: 0.79600 Dear Ladies & Gentlemen (Thief OG’s), adjust your stop loss based on your own strategy and risk. This SL is not a recommendation — you decide your risk and you take your reward.
💰 Target Zone Strong support + oversold metrics + liquidity trap = secure profits early. TP: 0.78200 Again, Dear Ladies & Gentlemen (Thief OG’s), this is not a mandatory TP. Your profit, your decision, your risk.
🌐 Correlated Pairs to Watch ($) Tracking related pairs helps confirm directional strength across currencies: 1️⃣ NZDUSD Weak NZD fundamentals often mirror weakness across NZD crosses. If NZDUSD is failing to reclaim intraday resistance → bearish confirmation for NZD/CAD.
2️⃣ USDCAD CAD strength increases when USDCAD drops. If USDCAD trends down → CAD is strengthening → supports NZD/CAD bearish bias.
3️⃣ AUDNZD AUD/NZD volatility influences NZD behavior. Rising AUDNZD often signals weaker NZD — contributes to bearish NZD/CAD confirmation.
4️⃣ WTI (Crude Oil) CAD is an oil-linked currency. If oil is rising → CAD strengthens → NZD/CAD tends to fall.
Monitoring these correlations helps validate bearish direction.
NZDCAD Im expecting a more meaningful low now inline with the interest rate drop, wednesdays always shows pressure on rates as its double carry charges/payout so these drops make a significant impact on large position holders not willing to incurs charges. I think there is room to reverse but maybe a dovish turn from canada is a more likely catalyst. Both the economies are in need of stimulus but there will be a limit of how far central banks can go without inviting inflation. THe next scheduled date for this pair is 29th October I believe, which is Bank of Canada interest rate decision. Personally I dont think they cut , but certainly the risk will be that they will so this could spur some sort of recovery on this pair.
NZDCAD Price broke a Major Support Level (0.80567-0.80784) and formed new lower low before reversing sharply to the upside, price is currently at Major resistance level at (0.81290 - 0.81091).
NZDCAD 
