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NZDCAD hitting 0.81666 daily high - worth watching for retrace
Watching $NZDCAD today and it's hitting its daily high around 0.81666. It's been a steady climb, but this area could present some resistance, especially after the recent run. If it fails to close decisively above this level, I'd be looking for a potential retrace back towards 0.81247. A strong break and hold above 0.81666, of course, would invalidate that scenario and suggest continued momentum.
1 comments · 1 points
That's an interesting call. What makes you think 0.81666 is the key resistance point here? I was looking more at the 0.81750 area.