Hello Community,

Look at the weekly chart! Topping action may be near over and open a chance to trend reversal in next few months.. Let's see some fundamental factors affect to this crossed pair.

NZD: - Inflation flat and near to deflation so monetary policy stance next week should be more dovish. But RBNZ want to see compelling evidence of falling inflation expectations before make decision to cut rate. Meanwhile, Housing market and domestic growth are so hot now!

CAD: Support by stable oil price.

So I think upside will be limited around 0.96 level and downside will be more open!

Have a good week
Haynes
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