NZD - BEARISH
1️⃣ As caution of accelerating infection rates of the novel coronavirus.
2️⃣ The risk-off pressured the antipodean currencies.
CAD - BULLISH
1️⃣ Boosted by a rise in oil prices and hopes that a coronavirus vaccine may be available soon.
2️⃣ Canada’s annual inflation rate rose to 0.7% in October from 0.5% in September and above forecasts of 0.4%.
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Technical
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We are looking to sell the NZDCAD at SBR on the H1 chart.
1️⃣ As caution of accelerating infection rates of the novel coronavirus.
2️⃣ The risk-off pressured the antipodean currencies.
CAD - BULLISH
1️⃣ Boosted by a rise in oil prices and hopes that a coronavirus vaccine may be available soon.
2️⃣ Canada’s annual inflation rate rose to 0.7% in October from 0.5% in September and above forecasts of 0.4%.
=====
Technical
=====
We are looking to sell the NZDCAD at SBR on the H1 chart.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.