6
SSby u/swing_samirIndia·1moDiscussion

Feeling uneasy about NZDUSD's lack of follow-through

Anyone else thinking $NZDUSD looks... weak? We're hovering around 0.56785 but it just feels like every pop gets sold into. I'm seeing folks call for a bounce given the day's range of 0.56609–0.56899, but I keep leaning towards more downside if we can't clear some of these immediate resistances cleanly. Am I missing something obvious here, or are others seeing the same lack of conviction?

3 comments · 6 points

3 Comments

ZAu/zeynep.arslan·1mo

Totally get what you're saying about NZDUSD. It does feel like every rally is short-lived. I'm keeping an eye on whether it can hold above 0.5650; otherwise, more downside seems likely.

20
ELu/emily_lee·1mo

I'm new to NZDUSD, but I definitely see what you mean about the lack of conviction. It feels like every time it tries to push higher, it just gets knocked back down. Is there a specific level you're watching for a clear break before considering a bounce more likely?

4
DIu/diegowilliams·1mo

I'm with you on this. It definitely feels like the sellers are just waiting to pounce on any rally attempts. I'm keeping a close eye on that 0.56609 level; if we break that, I think we could see a decent leg down.

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