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CHby u/chrislee·1moAnalysis

Watching NZDCAD's reaction at 0.8238

The run on $NZDCAD has been strong, hitting 0.82379 earlier. I'm keen to see if this level acts as resistance again, or if we can punch through convincingly. A clear break and hold above 0.8240 would invalidate my short-term bearish lean here.

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2 Comments

GEu/garcia_emma·1mo

Definitely an interesting level. What's your target if it breaks through 0.8240, or alternatively if it rejects there?

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ERu/emre_r·1mo

I'm seeing similar price action. The previous touches at that level saw pretty swift rejections, so it'll be interesting to see if buyers have enough conviction to sustain a move above it this time.

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