The new Canadian pair declined during the Asian trading period on Thursday for the sixth consecutive day, despite the Canadian interest rate cut yesterday, now the expectations also indicate the likelihood of a move from the Bank of New Zealand in the coming months, as the markets expect almost two interest rate cuts during the remaining three meetings by the Reserve Bank of New Zealand for this year now, and the first full interest rate cut was set in October, with the probability of a move in August also rising to almost 60% currently.

Technically:

the pair is trying to reach the levels of the uptrend today, as it corresponds to the completion of the harmonic bat model, and the Best Buy levels for the pair are considered at the levels of 0.8135/50, of which we are targeting the levels of 0.8205 and then 0.8300.

This scenario fails if the 0.8065 rule is broken.