I'm looking at $CADCHF and it feels like a push towards 0.5850 by month-end is more than likely, I'd put it at about 60% probability. The daily range has been pretty tight lately, and we just broke the day high of 0.58242; if we can hold above that, it seems to have enough steam for a continued move upwards.
Interesting take. While the break of the daily high is notable, I'd want to see a bit more sustained momentum before calling a 60% probability on that target, especially given broader market volatility.
Interesting take. While the break of the daily high is notable, the CADCHF has seen quite a bit of volatility in broader contexts. Are you looking at any specific economic data points for CAD or CHF that support this continued upward momentum?