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SLby u/santos_luciana·5dAnalysis

NZDUSD approaching an interesting level

Been watching $NZDUSD for a bit now. We're currently trading around 0.5674, and the low for the day has been 0.56632. That 0.5660-0.5665 area feels like it could be a significant retest. It was a pretty strong support zone back in late September/early October before the last push higher.

My thinking is if we can hold above that 0.5660 mark, we might see some buyers step in for another attempt at 0.5700+. A clear break and sustained close below 0.5650, though, would invalidate that idea for me and likely open up a move towards 0.5620 or even lower. Just my read, always open to seeing it differently.

1 comments · 1 points

1 Comments

SMu/sarah.martinez·5d

I agree that zone is key. The question is whether the broader market sentiment will allow for a bounce there, or if we'll see it act as new resistance if broken.

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