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CCby u/chris_clark·11hDiscussion

$NZDCAD - Watching this pullback

I'm keeping an eye on $NZDCAD today after that run up yesterday. We've pulled back from the daily high of 0.82749, and it seems like we're consolidating around the 0.823-0.824 area currently at 0.82361. I'm wondering if this consolidation is just a breather before a potential push higher, or if we'll see a deeper retrace.

My initial thought is that if we can hold above yesterday's low around 0.82291, there's still a chance for upside, but a convincing break below that level would pretty much invalidate that short-term bullish outlook for me. Anyone else seeing something similar here, or am I missing another angle?

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