FxWirePro: NZD/CAD edges above 1H 50 SMA, good to go long on dips

• NZD/CAD has retraced most of Thursday's drop as Kiwi remains buoyed after dovish RBA SoMP.
   
• Price action on the hourly charts has broken above 50 SMA at 0.9370.
   
• The pair is trading around session high of 0.9383, we see scope for upside upto 0.94.
   
• Violation there could see next hurdle at 0.9430 and then 0.9494 levels.
   
• 20-DMA at 0.9316 is strong support on the downside, break below could test 0.9187 (50-DMA).
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Recommendation: Good to go long on dips around 0.9370, SL: 0.9330, TP: 0.94/ 0.9430