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$NZDCAD: Watching the 0.8250 area
Been keeping an eye on $NZDCAD today. That push up to 0.82454 is interesting. For me, the 0.8250 level is critical resistance. We've seen it act as a ceiling multiple times in the past. If we get a clean break and hold above 0.8250 on a daily close, that would invalidate my current bearish bias and suggest further upside towards 0.8300. Until then, I'm leaning towards a rejection around this area, potentially seeing a retest of the day's low or even lower.
1 comments · 6 points
0.8250 certainly looks like a key level, but a clean daily close above it doesn't always guarantee follow-through. We've seen false breaks before. Any specific technical confluence you're looking for to confirm a sustained move?