NZDCAD Short Term Forecast Update And Follow Up

Hi Traders! NZDCAD short term forecast update and follow up is here. On June 2nd, 2026 I shared this “Forex Market Analysis & Day Trading Opportunity | NZDCAD| 2 June 2026” post in our blog. In this post, let’s do a recap of this setup and see how it has developed now. If you would like to learn more about the way we trade and the technical analysis we use then check out the  Home Trader Club. Spoiler alert – free memberships are available!

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My Idea

On the H1 chart, we have a strong bullish momentum and also currently it looks like a correction is happening. So everything looks good for the bulls here as well. In addition to this, we have three key support zones that has formed based on the volume profile zones of the KTLI indicator and the Triple B Pro pivot levels. Until these three key support zones shown in the image below (marked in red) holds my short term view remains bullish here and I expect the price to move higher further after retraces.

 

 

 

NZDCAD H4(4 Hours) Chart Current Scenario

In NZDCAD, based on my technical analysis I mentioned that “Until both the three key support zones shown in the image below holds my short term view remains bullish here and I expect the price to move higher further after pullbacks”. The price action followed my analysis exactly as I expected it to here. The price which was moving lower reached the third key support zone, created a false break of it and then moved higher from this zone. The price then moved higher further and delivered 280+ pips move to the upside!

 

 

On the H1 chart, the market provided us with various facts supporting the bullish view. The price which was moving lower created a bullish divergence between the first low that has formed at 0.80448 and the second low that has formed at 0.79838 based on the MACD indicator. The price then moved higher and broke above the most recent downtrend line, we may consider these as facts provided by the market supporting the bullish view. Then as you can see in the image below how the price moved higher after that and provided a fantastic move to the upside!

 

 

So, traders, this is why I wanted to show this example to help you understand how important it is to follow the facts. The facts were supporting the bullish view here and there were no signs against it. When the facts do happen as we expected you can see how the price perfectly moved as per the plan. Because these are the kind of hints the market provides us with the majority of the time and it’s our obligation as traders to be able to listen to these things that the market tells us and we should try to make the right actions accordingly.

For similar trade ideas and much more I invite you to

 

Happy Trading!

Arvinth Akash
Home Trader Club Team.