Daily Market Analysis and Overview by Unitedpips

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Daily NZD/USD Technical Outlook: Short-term Gains, Long-term Risks

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Introduction to NZDUSD
The NZD USD, commonly referred to as the Kiwi, represents the exchange rate between the New Zealand dollar and the US dollar. Traders and investors closely watch this currency pair as it reflects the economic health of New Zealand relative to the United States. The Kiwi is sensitive to global risk sentiment, commodity price movements, particularly dairy, and interest rate differentials.


NZD USD Market Overview
The NZD/USD pair recently experienced a notable bullish move, breaking above a medium-term bearish channel. Economic data from New Zealand has been mixed, with employment statistics closely anticipated for market impact, due to their strong correlation with consumer spending and inflation. Upcoming data on commodity prices, specifically dairy product auctions (GDT), will provide further clues on the pair's near-term direction. Meanwhile, in the US, employment figures and service sector PMIs remain critical indicators. Overall, market sentiment currently favors short-term bullishness but could be susceptible to volatility from pending economic releases.

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NZD-USD Technical Analysis
Despite the most recent sharp bullish move, NZDUSD has primarily maintained a long-term bearish trend. The currency pair recently broke out of its bearish channel; however, historical price action suggests caution, as previous breakouts have often failed. Candlesticks have begun showing downward momentum, hinting at a possible return inside the bearish channel. Presently, candles are positioned above the Moving Average Channel, suggesting short-term bullishness yet highlighting the risk of a bearish retracement. The Fisher indicator at 2.58 and 2.68 signals potential bullish exhaustion, while the Aroon indicator (71.43% bullish, 14.29% bearish) suggests the bulls might still have some short-term momentum left before a reversal.


Final Words about NZD vs USD
Considering current technical signals and impending economic releases, traders should remain cautious despite recent bullish sentiment. It’s prudent to watch key resistance and support levels closely for any indications of reversals or continued trends. Pay particular attention to upcoming employment and commodity price data from New Zealand, and PMI and employment data from the United States, as these will heavily influence market dynamics. Risk management remains essential due to the Kiwi’s volatility, especially around significant economic announcements.


Disclaimer: This NZDUSD analysis, provided by Unitedpips, is for informational purposes only and does not constitute trading advice. Always conduct your own Forex analysis before making any trading decisions.


02.04.2026

[Unitedpips]

Daily USD/CAD Outlook: Bearish Momentum Builds

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Introduction to USD/CAD
The USD CAD currency pair—commonly known as the Loonie—is one of the most actively traded major FX pairs. It reflects the economic interplay between the world’s largest economy and one of the most resource-rich nations. Traders closely monitor USD/CAD because of its strong correlation with oil prices, given Canada’s position as a major crude exporter. Understanding USD/CAD movement provides deeper insights into market sentiment, commodity influence, and North American economic conditions.


USD CAD Market Overview
USD/CAD continues to trade under bearish pressure, influenced by shifting expectations around upcoming US economic data and ongoing volatility in crude oil inventories that impact the Canadian Dollar. Key US labor releases—NFP, Unemployment Rate, and labor cost data—have been delayed to March 6, 2026, adding uncertainty to the Federal Reserve’s policy outlook. Recent speeches from FOMC members Jeffrey Schmid and Michelle Bowman have also kept the US Dollar sensitive to hawkish signals. On the Canadian side, Building Permits and the upcoming BOC Minutes on April 1, 2026, may offer clearer insight into domestic economic strength. With EIA Crude Stock data due on February 19, 2026, traders should expect additional volatility in USD/CAD as energy markets react.

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USDCAD Technical Analysis
On the daily timeframe, USD/CAD has clearly respected a well-defined bearish channel after rejecting a major resistance zone, reinforcing the broader downward trend. The price is currently hovering around the mid-line of the descending channel, suggesting indecision but with a bearish bias intact. The Accelerator Oscillator shows weakening bullish momentum, supporting the probability of renewed downside continuation. Meanwhile, the Aroon indicator signals a prevailing downtrend, with Aroon Down maintaining dominance over Aroon Up—indicating persistent selling pressure. Considering the chart structure and the presence of hidden bearish divergence, USD/CAD may extend its decline toward the lower boundary of the channel, especially if fundamental data continues to favor the Canadian Dollar or weaken the US Dollar.


Final Words About USD vs CAD
Overall, USD/CAD remains in a technically and fundamentally bearish environment, with strong confluence between price action, momentum indicators, and macro-economic drivers. Traders should pay close attention to upcoming US labor data, FOMC member speeches, and crude oil inventory releases, as these factors have historically created sizable volatility in the pair. As long as the price stays below the mid-channel line and continues forming lower highs, the bearish trajectory remains the more likely scenario. Nonetheless, risk management is essential, as any unexpected hawkish remarks from the Federal Reserve or sudden drops in oil prices could temporarily strengthen the US Dollar. For now, the leaning bias continues to favor further downside movement in USD/CAD.


Disclaimer: This USDCAD analysis, provided by Unitedpips, is for informational purposes only and does not constitute trading advice. Always conduct your own Forex analysis before making any trading decisions.


02.11.2026