$AUDNZD pushing up against 1.2160, thoughts on next leg?

asked by u/almeida_mateo · 1d · 3 answers

Watching $AUDNZD this morning, it's been a pretty consistent push up, now sitting right around 1.2161. Feels like it's challenging that minor resistance that's been in play for the last few days. If it can hold above this level for a bit, I'm curious if we see a test of 1.2200 or even higher.

My concern, and what would invalidate that idea for me, is if it snaps back down through 1.2140 fairly quickly. That would suggest this push up was more of a retest of previous support as new resistance, rather than a genuine breakout attempt. Anyone else watching this pair and have thoughts on what might be next?

Join the full discussion

Top answers

  • u/jokomahmud· 1 pts· 1d

    I'd be cautious around 1.2160; there's been decent selling interest there previously. A clear break and retest of that level as support would certainly make 1.2200 more plausible, but a quick rejection could easily see it back to the lower end of the recent range.

  • u/nattapong.kittisak· 1 pts· 1d

    ส่วนตัวมองว่า 1.2160 ยังไม่ใช่แนวต้านที่แข็งพอ ถ้าผ่านได้ก็คงได้เห็น 1.2200 แน่ๆ แต่ก็ต้องระวังแรงเทขายแถวนั้นด้วย

  • u/pkaewkamnerd· 1 pts· 1d

    ส่วนตัวมองว่าอาจจะยังไม่ถึง 1.2200 เร็วๆ นี้ครับ แรงส่งดูแผ่วลงแล้ว ถ้าไม่เบรก 1.2170 ขึ้นไปได้ อาจจะเห็นการย่อตัวลงมาทดสอบ 1.2140 อีกครั้ง

Related questions