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Watching NZDCAD after that RBNZ statement
The RBNZ's surprisingly hawkish tone yesterday definitely gave the Kiwi a bit of a jolt, and it's interesting to see $NZDCAD pushing up towards the 0.8260 level today after that. I was leaning slightly bearish on CAD given recent oil price action, but the RBNZ commentary might give $NZD legs to test some higher resistance. Thinking about adjusting my watchlist to reflect a potential continuation here if we get a decent close above 0.8265.
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Yeah, that RBNZ statement definitely threw a wrench in some of the prevailing narratives. I'm curious if the CAD side of that pair has enough internal strength to really push back, or if the RBNZ momentum is going to carry it through.