FxWirePro: NZD/CAD edges lower from record highs at 0.9832, bias higher, good to long dips

• NZD/CAD hit record highs at 0.9832 on Thursday, has pared some gains to currently trade at 0.9805 levels.
   
• The pair finds major channel top resistance at 0.9835, break above could see further upside.
   
• RSI and Stochs on daily charts are at overbought levels, and so some caution is advised.
   
• Weekly charts are highly bullish. We see scope for further gains.
   
• FxWirePro's currency strength index also shows NZD strong @ +115.293 and CAD weak @ -115.95 at around 0700 GMT.
   

We recommend going long on the pair : Entry - 0.9785/90, Stop loss - 0.9720, Target - 0.9902 (138.2% Fib retrace of 0.97350 to 0.92984), 1.0005 (161.8% Fib)