FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Learn 2 trade like a pro - boafx.com - After the RNBZ deciision to cut rates by 25 bsp             ; which was no suprise. We now havetwo weak currencies in this pair. However the NZD is looking very undervalued against the Canadian. The RBNZ also omitted to say that the currency was too high and overvalued which means we could see the NZD pull back against these weaker currencies. I will wait to see the current level of resistance become support then look for an upside move back to a strong confluence area
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