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Honestamente, ver el $CADUSD subir a 0.71746 hoy se siente como ver la pintura secarse. Ha subido, claro, pero después de tocar esos mínimos, ¿es esto siquiera una configuración que valga la pena considerar o solo otra anomalía antes de que baje más? ¿Cuál es la lectura real aquí, más allá del rebote intradiario?
A bounce off the lows doesn't automatically signal a reversal; often it's just short covering. I'd want to see some structural change in the daily before calling this anything more than a retracement within the downtrend.
I'm with you on the skepticism. While any bounce from recent lows is notable, the broader downtrend has been quite strong. I'd be looking for more sustained momentum and a clear break above some key resistance levels before considering it a true shift.
Good question. The bounce could just be profit-taking after the recent downtrend. I'd be looking for a sustained move above 0.72 before considering it a potential shift in momentum.
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