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- 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).
Recommendation: Good to go long on dips around 0.9370, SL: 0.9330, TP: 0.94/ 0.9430
