NZDCAD ( SELL ORDER 1.70% )

5 Eki 2023

🏳️ Name : NZDCAD
( ❗️ Short After Break )
🗨Time Frame : 4hr Chart / Close

🧾 : WHY IS USDCHF GOING UP?
In a risk-on environment in the stock market, investors tend to seek higher returns by investing in riskier assets, including higher-yielding currencies like the New Zealand Dollar (NZD). This can lead to increased demand for the NZD and a rise in the NZD/CAD exchange rate A strong and bullish stock market is often associated with economic growth and positive investor sentiment. In such situations, investors may favor currencies like the NZD, which is seen as a higher-yielding currency, over the CAD. This preference can drive up the NZD/CAD pair.

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Bullish Break
0.82900 Area
Reasons

Visable Range HVN in Value
M / W High Break
Major Turn level / D
Quarter's Area
Fixed Range

Bearish Reversal
0.84400 Area
Reasons

Major Turn level / D
Major Channel / D
Visable Range Lvn
Quarter's Area
Major Liquidity

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