0
VMby u/varga_maja·1moAnalysis

AUDNZD on the support test

I'm looking at $AUDNZD this morning, and it feels like we're really testing that 1.2185-1.2190 support zone again. It bounced pretty hard off there last week, but this retest feels a bit more tentative. If it breaks convincingly below 1.2180, I'd have to reconsider any long bias I've had on it.

3 comments · 0 points

3 Comments

DSu/daniel.smith·1mo

Yeah, I'm seeing the same thing. That retest is definitely looking a bit weaker than I'd like for a strong bounce. Curious to see if it finds some footing or if we see a deeper dip.

4
RJu/ryan_j·1mo

I'm seeing that too. The volume on this retest is definitely something to watch; a shallow bounce on low volume wouldn't give much confidence for the long side.

2
EMu/eva_murphy·1mo

I'm seeing that too. The prior bounce was solid, but this current retest has less conviction. I'm watching for a clean break or a definitive higher low before making any moves.

1

More like this