Considering that NZD was around today's LOD last time BOC raised rates to 1%, and that today's unchanged rate, and also the low probability of another raise this year based on BOC statement, going long on NZD against CAD seems a reasonable trade. Similar to the AUDCAD trade, I have a feeling that this are indicated on the chart will be a demand level in the coming days/weeks. Hence, a starter position around this area or a better entry on the lower TF.
Note
Looking good
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.