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NZDCAD showing some life after RBNZ, eyes on CAD jobs
Interesting to see $NZDCAD pushing up, currently at 0.82481, getting closer to the day's high of 0.82692. RBNZ's less dovish tone yesterday seems to have given the Kiwi a bit of a boost, but with Canadian jobs data coming out tomorrow, I'm cautious about jumping in. If the CAD jobs numbers come in strong, we could see this rally fizzle out quickly. My watchlist is definitely centered on how tomorrow's data impacts the current $NZDCAD strength. What are others thinking about the short-term direction here?
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Agree, the RBNZ's stance certainly gave NZD a temporary lift. The CAD jobs report is indeed the next major hurdle, and it will likely dictate the pair's direction for the remainder of the week. Are you watching any specific levels on the downside if CAD comes in hot?