NZD CAD Rate | NZD CAD Investing | FX NZD CAD | NZDCAD | IFCM
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NZD / CAD Investing

Type:Forex

Group:Major

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Leverage 1:100
Margin 1000
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Status: Closed Trading
Change:
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NZD/CAD Forex Trading Conditions

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MetaTrader4
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NZD CAD Trading Hours

NZD CAD trading hours are the time when investors can buy and sell NZD CAD. The NZD CAD is traded on multiple exchanges around the world. This means that investors have many different opportunities to trade NZD CAD during different trading hours. Depending on where you live, you may be able to trade NZD CAD at any time throughout the day or night. For those who want to take advantage of these opportunities, it is important to know when NZD CAD trading hours begin and end.

Swipe table
Week dayTrading hours (CET)Local trading hours
Monday 00:00 — 23:00, 23:15 — 24:0000:00 — 23:00, 23:15 — 24:00
Tuesday00:00 — 23:00, 23:15 — 24:0000:00 — 23:00, 23:15 — 24:00
Wednesday00:00 — 23:00, 23:15 — 24:0000:00 — 23:00, 23:15 — 24:00
Thursday00:00 — 23:00, 23:15 — 24:0000:00 — 23:00, 23:15 — 24:00
Friday00:00 — 22:0000:00 — 22:00
Saturday
Sunday

NZD/CAD Technical Analysis

The technical analysis of the NZDCAD price chart on 4-hour timeframe shows NZDUSD,H4 is declining under the 200-period moving average MA(200) which is declining itself. We believe the bearish momentum will continue after the price breaches below the lower bound of the Donchian channel at 0.82367. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 0.83319. After placing the order, the stop loss is to be moved to the next fractal high indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Forex - NZD/CAD

New Zealand’s unemployment rose less than expected while Canada’s services sector resumed growing. Will the NZDCAD price retreating persist?

New Zealand’s unemployment rose to 4.8% in the third quarter from 4.6% the previous quarter when an increase to 5% was expected. The annual wage inflation slowed for a sixth straight quarter. Smaller than expected rise in New Zealand unemployment is bullish for the New Zealand dollar and NZDCAD pair. At the same time the S&P Global reported Canada’s services activity returned to growth in October: Canada Services PMI rose to 50.4 in October 2024, up from 46.4 in September. It is the first expansion in the services sector in five months. New business volumes rose driven by improving market demand. Employment rose for the first time in three months. Resumption of growth in Canadian services sector is bullish for Canadian dollar and bearish for NZDCAD currency pair.

IndicatorSignal
RSI Neutral
MACD Sell
Donchian Channel Sell
MA(200) Sell
Fractals Sell
Parabolic SAR Sell
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Both currencies of this cross pair are categorized as commodity currencies. Canada is mainly associated with oil and lumber and conducts trade with the USA, while New Zealand is primarily associated with agricultural commodities, exporting dairy and meat products to China and Australia.

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NZDCAD Trading

Both currencies of this cross pair are categorized as commodity currencies. Canada is mainly associated with oil and lumber and conducts trade with the USA, while New Zealand is primarily associated with agricultural commodities, exporting dairy and meat products to China and Australia. This pair presents how many Canadian dollars are needed to trade NZDCAD. For a deeper understanding how to trade currency pairs, for example NZDCAD, you will need to know about bid and ask, pips and more, we suggest to start from basics "What is Forex Trading".

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Currency Pair NZDCAD | Forex | Major

The New Zealand dollar (NZD, “Kiwi”) is the 10th most traded currency in the world. The issuer is the Reserve Bank of New Zealand.

  • Is often involved in trading operations as New Zealand is supporting high interest rates, as a rule
  • Depends on commodity exports, particularly on food trade.
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