DislikedMy Thoughts on NZD/CAD. Im am looking for 92 - 93 to hold. At 95 we would be back to the same value when the 2yr bond spread between the Kiwi and the Cad was 1.5 negative CAD. The spread is now positive .5 to the CAD. We have a complete washout in Crude but my thoughts are Crude is capped into 45 on the down for now. So will be interesting to see how this plays out. But range break of swing is needed. If we get a move to 95 on the NC the velocity of that move will be = to velocity of move when NZ was raising rates to 3 and the 2yr spread was moving...Ignored
However from ex Kiwi can extend far beyond value without reasoning when the Kiwi is getting pushed for cross rate points.
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