China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Wall Street Analysts Weigh in on Latest NFP Data 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
NZD/CAD chart on Trading View used for analysis
- NZD/CAD has hit 5-month highs at 0.9134 on Wednesday's trade, bias higher.
- The pair is extedning a bounce off strong support at 200-DMA and has broken above 61.8% Fib retracement.
- Price action has broken above stiff resistance at 200W SMA at 0.9077, raising scope for further gains.
- Momentum strongly bullish on the daily charts. Technical studies are turning bullish on weekly charts.
- Impressive upside economic surprises from New Zealand, such as jobs/CPI and GDP likely to support the kiwi.
- Next bull target lies at 0.9227, while we see weakness till 0.88 on break below 200-DMA.
Support levels - 0.9077 (200W SMA), 0.9061 (61.8% Fib), 0.9039 (5-DMA)
Resistance levels - 0.9227 (June 2018 high), 0.9262 (78.6% Fib)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
