$NZDCAD and that 0.8150 zone - anyone else watching this?

asked by u/rama_p · 4d · 0 answers

Been looking at $NZDCAD and that 0.8150 area is really catching my eye. It's acted as pretty significant resistance recently, and with the high today testing 0.81549, it feels like it's trying to decide something. I'm wondering if we see a rejection here, maybe a move back towards the 0.8130s, or if a clean break above 0.8150 on some sustained volume could signal a push towards 0.8170+. My read is that if we can't hold above 0.8150 on the hourly, particularly after a failed retest, then the likelihood of it just being a headfake increases considerably. What are others seeing in this range?

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