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CADUSD heading into month-end
Looking at $CADUSD heading into the last week of the month, I'm thinking there's a good 60-65% chance we'll see a retest of the 0.7250 area. We've seen some decent strength today, pushing up to 0.72088 at the high, and the overall dollar weakness seems to have some legs. If we can hold above the 0.7180 support, I think the path of least resistance is higher from here. It's not a slam dunk, of course; a hawkish shift from the BoC or a sudden risk-off move could certainly derail it, but for now, the momentum is pretty clear.
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