The NZD/CAD held the 61.8% fib and is now looking to be building up some more bullish
momentum. We're interested in buying the pair on a break of the 50 SMA
and the RSI
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 commodities
worldwide, which is often the case when you match commodity pairs with other currencies. Therefore, we'd be keeping an eye out for employment, GDP and domestic inflation
for both economies.