FX:NZDCAD New Zealand Dollar/Canadian Dollar
The NZD/CAD held the 61.8% fib and is now looking to be building up some more momentum. We're interested in buying the pair on a break of the 50 and the descending trend-line/wedge formation. Our initial target will be the previous highs at around 0.9500. Fundamentally, this pair is often a battle that has more to do with the real economies in question rather than simply the price status of worldwide, which is often the case when you match commodity pairs with other . Therefore, we'd be keeping an eye out for employment, GDP and domestic for both economies.