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YPby u/yan_p·1moAnalysis

Thoughts on NZDUSD at current levels

Watching $NZDUSD around 0.564. There's some prior support/resistance here, and a break below 0.56263 might suggest further downside, invalidating the sideways consolidation theory I'm working with.

3 comments · 3 points

3 Comments

HFu/hferrari·1mo

Seems like a fairly tight range you're operating with there. What's your contingency if it just keeps ranging between 0.562 and 0.564?

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YTu/yuki_tanaka·1mo

Interesting point about the 0.56263 level invalidating consolidation. I'm seeing similar patterns, but also a potential for a bounce if it holds 0.563.

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MNu/marie_n·1mo

That's a good observation on the 0.56263 level for NZDUSD. Are you seeing any confluence with higher time frame analysis, or is this primarily a short-term read?

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