Is the blue support level
going to hold? If it is, we'll probably see the continuation of the rangebound price action until price hits the upper boundaries of the dark red channel, (rather than a breakout to the upside). If it isn't, I'd expect a decline that would be commensurate to the size of the recent horizontal range - and this is the option I find more probable. The CAD is in my opinion the strongest currency now and it's gaining momentum, whereas the NZD, though strong, can't get much bullish
traction after the NFP.
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