Outlook for $NZDCAD at Month-End

I've seen $NZDCAD hovering around 0.82347 for a while now. Looking at the daily range, it's narrowing down to 0.8227-0.82749. Personally, I think the chance of a clear breakout above 0.83000 by the end of this month is about 35-40%.

The main reason is that the Canadian dollar is still under pressure from oil prices that haven't fully recovered. Meanwhile, the Kiwi seems to have some positive factors from tourism, but it's still not enough to create strong momentum to easily break through key resistance. I think if there's no significant news, it will likely continue to sideway within the current range for a while longer.