Good morning happypip. Is that an Hourly chart? I absolutely see what you are saying, but the Daily and 240 charts make me nervous. 0.8000 is a major level of Support, and each chart has low-tested out of it. There will be people looking at the low test on the Daily as a reason to go Long. There is often a correlation to AUD/USD, though, and obviously that is dropping, so I am not seeing a clear signal. Had the Hourly high-tested I might have looked for a short-term Short, but personally I am just finding the picture too mixed to see a clean setup. It is pretty slim pickings all round, at the moment.
If the Kiwi closes today as a low test on the Daily then there will be a lot of long orders placed. So much as we had with AUD a couple of weeks ago, I am going to wait for a clearer direction to emerge.
If you do want to go short, then certainly the 0.8275 figure you mention is at the Daily Pivot, so is an area where Price could react. But as I say, I am not going short with the Daily as it is currently.
Sorry to sound like an old stick-in-the-mud!! I’m ‘only’ 37!! I just figure that I really don’t need that many setups in a month to make some good money, so I don’t like a mixed picture.