FX Daily
COT — NZD vs CAD (net leveraged-fund position and USD differential, weekly)
Shaded area, right axis: US dollars of net notional exposure, base leg minus quote leg. implied — no NZDCAD future exists; the NZD and CAD futures books are each converted to US dollars at the close joined to the report date, and the CAD leg is subtracted from the NZD leg. Full chart and z-scores →
NZDCAD CFTC net leveraged-fund positioning by leg. NZD (weekly, contracts): Latest: -19,280 (20 Oct 2026) | Range: -33,461 to 36,906 | Trend: falling; CAD (weekly, contracts): Latest: -91,113 (20 Oct 2026) | Range: -103,134 to 89,524 | Trend: falling; NZD minus CAD differential (weekly, US dollars): Latest: 5,390,420,806 (20 Oct 2026) | Range: -7,928,692,457 to 10,787,582,551 | Trend: rising.Combined Crowding
COT z-differentialNZD net long vs CAD — Balanced(+19 / +0.9σ)
CAD crowded (−100)balancedNZD crowded (+100)
NZD net-spec z-0.47σ
CAD net-spec z-1.42σ
Score = (base z − quote z) × 20, clamped ±100. |score| ≥ 60 extremely crowded · 40–60 crowded · 20–40 leaning · <20 balanced.
NZD/CAD Spot (daily)
Realized Vol & Regime
Calm
RV 20d
5.1%
20d pctile (1y)
12%
RV 5d
6.2%
RV 60d
5.1%
RV 252d
6.7%
cone p10–p90
5–9%
Daily Technicals
from daily closesRSI-14
48
SMA-20
0.7985
SMA-50
0.8059
SMA-200
0.8099
52w range
0.7873–0.8266
vs SMA-50
-0.97%
Intraday pivots are computed for the 7 USD majors only; this pair shows daily-close technicals.
Rate Differential
policy carryNZD policy rate2.75%
CAD policy rate2.25%
Carry (NZD−CAD)+0.50%
