NZD CAD short trade.NZD/CADOANDA:NZDCADjohnelfedforexblogIt's a NZD CAD 'interest rate speculation trade', based on today's positive CAD employment data Vs the dovish RNBZ. I'm not particularly keen on placing trades this late on a Friday and a risk is that I'm too late. But I've only just got to the charts and there might just be enough momentum for an extra 11 pips. The risk to the trade is subdued price action or positive market sentiment. This is a 'short term trade' as I ultimately imagine the CAD will soon return to the 'to short list'. I will close the trade before end of day if it's ongoing (to avoid weekend risk).