The USD is the strongest and the CHF is the weakest
US final GDP for 2Q -31.4%% vs -31.7% estimate
NZD/CAD: another bearish candidate
Information is not investment advice
Key indicators
Performance in 2020: -5%
Last day range: 0.8257 – 0.8482
52-week range: 0.8015 – 0.9281
What’s happening?
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.
Technical levels
Resistance 0.8500
Support 0.8237
Gaspar Markosyan
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Popular
The USD is the strongest and the CHF is the weakest
US final GDP for 2Q -31.4%% vs -31.7% estimate
USD/CAD: positive data from both sides
ADP, US GDP, Chicago PMI and Canadian GDP – all numbers exceeded expectations. Which currency will outperform? Let’s try to find out.
EUR/CAD: a considerable drop
EUR/CAD may get down to the bottom of the September sideways channel if bears keep pressing.
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