NZDCAD 4H Timeframe – Technical & Fundamental AnalysisNew Zealand Dollar / Canadian DollarFOREXCOM:NZDCADRebornFXTraderNZDCAD 4H Timeframe – Technical & Fundamental Analysis Fundamentals: The New Zealand economy is showing signs of broadening slowdown, according to BNZ high-frequency data. Trade performance is expected to weigh on growth in coming quarters, and the HYEFU (Half-Year Economic and Fiscal Update) points toward weaker outlook ahead. With inflation trending down, the RBNZ may shift toward a more dovish stance, reducing NZD’s attractiveness. Meanwhile, Canada’s July GDP posted a +0.2% rebound after months of contraction, signaling underlying strength in the Canadian economy. This resilience could provide support for CAD relative to NZD. Technicals: Price broke below the major key support at 0.80600, signaling weakness. Following the breakout, price consolidated and accumulated sell positions under this level. A possible liquidity grab above 0.80600 may occur before resuming the bearish move. Our point of interest lies below 0.80560, aligning with the bearish structure and fundamentals. 📌 Trading Plan (4H Bias – Bearish): Point of Interest (POI): 0.80560 (Sell Stop) Stop Loss (SL): 0.81100 (above liquidity zone) Take Profit 1 (TP1): 0.79410 Take Profit 2 (TP2): 0.78800 📌 Disclaimer: This is not financial advice. Always wait for proper confirmation before executing trades. Manage your risk wisely and trade what you see—not what you feel.