Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
New Zealand Dollar Analysis: EUR/NZD, NZD/CAD, NZD/JPY

New Zealand Dollar Analysis: EUR/NZD, NZD/CAD, NZD/JPY

Dimitri Zabelin, Analyst
What's on this page

New Zealand Dollar, Euro, Canadian Dollar, Japanese Yen – TALKING POINTS

  • EUR/NZD at risk of extending decline as compression zone narrows
  • NZD/CAD uptrend losing steam? Capitulation could inspire selloff
  • NZD/JPY may break out of congestive range and crack key ceiling

EUR/NZD Outlook

EUR/NZD has been on a downtrend since late March and appears to now be trading in a compression zone between descending resistance and stubborn support at 1.7172. The pair recently just brushed up against the slope of depreciation, potentially opening the door to retesting the floor. Breaking below the latter may amplify bearish sentiment and accentuate EUR/NZD’s losses.

EUR/NZD – Daily Chart

Chart showing EUR/USD

EUR/NZD chart created using TradingView

NZD/CAD Analysis

NZD/CAD has been travelling along an uptrend formed in late May, though recent price action suggests the pair may no longer be able to keep up with the progressive steepness of the slope. Consequently, NZD/CAD may capitulate and undergo a cooling off period before resuming the uptrend. On the other hand, a congestive interim could also precede a broad turn lower and possible retracement to support at 0.8668.

NZD/CAD – Daily Chart

Chart showing NZD/CAD

NZD/CAD chart created using TradingView

NZD/JPY Forecast

NZD/JPY may challenge familiar resistance at 71.249 where the pair had previously capitulated back in early June. Climbing over it with follow-through could inspire additional sellers to enter the market. Conversely, a capitulation could signal the start of another directionless interim as seen back in February before the pair finally decided to turn lower.

NZD/JPY – Daily Chart

Chart showing NZD/JPY

NZD/JPY chart created using TradingView

--- Written by Dimitri Zabelin, Currency Analyst for

To contact Dimitri, use the comments section below or @ZabelinDimitri Twitter

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.