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$NZDCAD - Watching the 0.8275 Level on the Daily
Hey everyone, been keeping an eye on $NZDCAD today and that 0.8275 area seems pretty key. It acted as solid resistance on the day's high, and if we can't get a clean break and hold above it, I'm thinking we might see a pullback towards 0.823 again. The risk for me would be a strong close above 0.8275 on the daily, which would probably invalidate that immediate downside scenario.
1 comments · 5 points
I'm seeing similar action. That 0.8275 has been a consistent pivot. If it cracks, the next obvious level up is 0.8300, but a rejection there would confirm the move back to 0.823 as you said.