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The NZD grinds higher against the CAD.

Written by Sam Coxhead on September 21st, 2012.      0 comments

4:00 PM (NZT) This week has seen grinding appreciation from the NZ dollar over the Canadian dollar. The positive news in the NZ economy gave the NZD the upper hand in the absence of any news so far in Canada. Tonight’s Canadian inflation number provides the sole Canadian focus for this week. Resistance just above the current levels at .8100 will likely provide some decent resistance to further NZD appreciation. Further sideways trade within relatively contained ranges is likely next week in the absence materially significant data due for release. The Canadian data will be watched, but given its monthly occurrence it is prone to limited impact on price action.
 
The current interbank midrate is:                                                            NZDCAD .8090                              
                                                               
The interbank range so far this week to date has been:                 NZDCAD .8023 - .8099              
Topics: NZD CAD
 

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