Recently published economic data of New Zealand is below expectations Bank of Canada has raised twice this year as Canadian economy is doing exceptionally well in Continent. But recently Governor said this pace cannot be continued of rate hike so I think NZD/CAD may see some retracement as technically also it has reached its support. It support stands at 87.440. So from that level it can see some retracement.
Technical Analysis: NZD/CAD is in downtrend on monthly and on weekly chart.
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