NZDCAD Bullish

Analysis Price: 0.7965 (Updated: 16 November 2025, 16:41 UTC)

Comprehensive analysis for NZDCAD showing a predominantly bullish bias with 61% bullish consensus based on combined analytical factors. Market structure, technical patterns, and key levels examined across multiple timeframes.

Select Currency Pair

Signal Overview

Bullish Medium Confidence High Risk

Market Consensus:

61% Long

39% Short

Valid Timeframes:

M15 H1 H4 D1

Signal Analysis:

The analysis indicates a medium confidence bullish bias for NZDCAD (signal strength: 22%). Supporting factors include: NZD is showing relative strength against CAD (diff: 26%); Retail sentiment is 60% bullish; Technical patterns identified: Hammer (D1). Risk assessment for this trade is high. This signal is most valid on the M15, H1, H4, D1 timeframes.

Sentiment Analysis

LONG SHORT

60% 40%

Historical Sentiment (7 Days)

Sentiment Interpretation

Bullish sentiment with 60% of traders holding long positions. The market has a positive bias, but watch for signs of exhaustion if this percentage increases further.

Support & Resistance Analysis

Resistance Levels

R1: 0.8026 0.77% ↑

Analysis Price: 0.7965

Support Levels

S1: 0.7894 0.89% ↓

Market Regime:

Range

Analyst Bias:

Unknown

Direction Probability:

55%

Price Position Analysis

Price is between support at 0.7894 (0.89% below analysis price) and resistance at 0.8026 (0.77% above), with slightly closer proximity to resistance. Watch for rejection confirmation at resistance or break above.

Chart Pattern Analysis

No chart patterns detected for NZDCAD at this time.

High Probability Zones

Resistance Zone

95%

Zone Level:

0.8000

analysis price:

0.7965

Distance:

0.44%

Confluence Factors:

Evening Star 24% Retracement

Valid on Timeframes:

H1 H4 D1 W1

Support Zone

95%

Zone Level:

0.7943

analysis price:

0.7965

Distance:

0.27%

Confluence Factors:

Bullish Engulfing 62% Retracement Volume Spike

Valid on Timeframes:

H1 H4 D1 W1

Resistance Zone

95%

Zone Level:

0.7975

analysis price:

0.7965

Distance:

0.12%

Confluence Factors:

Evening Star 38% Retracement

Valid on Timeframes:

H1 H4 D1 W1

High Probability Zones Interpretation

Price is extremely close to a high probability (95%) resistance zone at 0.8000. This presents a potential selling opportunity with stop loss slightly above the zone. Multiple confluence factors strengthen this level's significance.

Multiple high probability zones exist for this pair, indicating a well-structured technical environment with clear levels for trading decisions.

Volatility Analysis

Select Timeframe:

Daily Range (pips):

97.0

Volatility Regime:

Normal

Volatility Level:

53%

10-Day ATR Trend

Volatility Interpretation (H1)

NZDCAD is showing normal volatility (53 percentile) with an expected daily range of 97.0 pips. This represents average market conditions conducive to standard trading strategies. Standard position sizing and stop loss parameters are appropriate.

Correlation Analysis

Top Correlations with NZDCAD

EURNZD

-0.84

AUDCAD

0.83

CADCHF

-0.81

EURCAD

0.80

USDCAD

0.70

Correlation Interpretation

Understanding how NZDCAD correlates with other pairs can help with portfolio diversification and risk management. Strong positive correlations (above 0.7) indicate pairs that move similarly, while strong negative correlations (below -0.7) show pairs that typically move in opposite directions.

NZDCAD shows strong positive correlation with: AUDCAD, EURCAD, USDCAD. This means these pairs tend to move in the same direction. Trading in the same direction on multiple correlated pairs increases portfolio risk, while finding divergences between correlated pairs can highlight potential reversal opportunities.

NZDCAD shows strong negative correlation with: EURNZD, CADCHF. This means these pairs tend to move in opposite directions. Negatively correlated pairs can be useful for hedging strategies or to confirm signals (a buy signal in one pair would be supported by a sell signal in the negatively correlated pair).

Currency Strength Analysis

Select Timeframe:

NZD

0.44

Strong

CAD

0.71

Very-strong

Relative Strength:

-0.27

Neutral Bias

Currency Strength Interpretation (M15)

CAD is moderately stronger than NZD on the M15 timeframe, with a relative strength of -0.27. This suggests a mild bearish bias for NZDCAD. Monitor for additional confirmation signals before entering a short position.

How to Use This Analysis

This comprehensive analysis provides multiple perspectives on NZDCAD to help inform your trading decisions:

Sentiment Analysis: Use to understand market positioning and potential contrarian opportunities
Support & Resistance: Identify key price levels for setting stop losses and take profits
Pattern Analysis: Recognize technical formations that may indicate continuation or reversal
Volatility Analysis: Adjust position sizing and risk management based on current market conditions
Currency Strength: Compare the relative performance of individual currencies within the pair
Correlation Analysis: Understand how this pair moves in relation to others for portfolio diversification

For optimal results, consider how these different factors align. The strongest trading opportunities typically occur when multiple analytical tools show confirmation across different timeframes.