Investors want to trade riskier, and dire economic and virus background doesn't stop that. The USD will testify.
NZD/CAD: another bearish candidate
Information is not investment advice
Performance in 2020: -5%
Last day range: 0.8257 – 0.8482
52-week range: 0.8015 – 0.9281
NZD/CAD trades at 0.8349, testing the lows of Summer-2019, -2018, and -2015. The support for all is at 0.8237. Crossing this strategic threshold paves the way to the 7-year low of 0.8032. Given the current situation for the NZD and its heavily increased volatility, it is not unreasonable to factor in this level for the bearish expectations.
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