The New Zealand dollar has jumped to kick off the trading week on Monday, touching the 200-day EMA, but interestingly enough, we see the Kiwi dollar roll right back over again. By doing so, this is a market that is showing you there’s real concern out there right now, as the peace agreement between the Iranians and the Americans, quite frankly, the more details that are released by each country, the less likely it looks, I think, to many people to be signed. That being said, we are in a consolidation area right now with the 0.58 level being the beginning of significant support and the 200-day EMA above being resistance.

USD/CAD Technical Analysis