NZDCAD: Long NZDCAD

Considering that NZD was around today's LOD last time BOC raised rates to 1%, and that today's unchanged rate, and also the low probability of another raise this year based on BOC statement, going long on NZD against CAD seems a reasonable trade. Similar to the AUDCAD trade, I have a feeling that this are indicated on the chart will be a demand level in the coming days/weeks. Hence, a starter position around this area or a better entry on the lower TF.

Kommentar:

Looking good