USDCAD Looking to Re-test 1.41097?

asked by u/risk_first_nadia · 3d · 1 answers

It's been interesting to watch $USDCAD dance around lately, specifically how it's reacting to the 1.41 handle. Given the slight dip today to 1.40998, but after touching 1.4096, it feels like we're consolidating before another leg. The daily high sits at 1.41097. I'd give it a solid 70% chance we re-test that high before market close tomorrow, possibly even pushing slightly above it, assuming no major macroeconomic shocks hit the wires. My reasoning is largely based on the resilience we've seen at these levels; every dip seems to find a bid, suggesting underlying pressure to the upside remains, even if it's not a screaming trend right now. It’s like watching a cat stare at a laser pointer; it might pounce, it might just twitch its tail, but it’s still focused.

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  • u/greta.nilsson· 1 pts· 3d

    It's a pretty thin assumption to think it'll hit 1.41097 again just because it briefly touched 1.4096. There's no real momentum there to support that re-test.

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