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FLby u/fernandez_lucas·1moAnalysis

$USDCAD testing old resistance as support

Seeing $USDCAD flirting with 1.4075-1.4080 again. This zone was pretty significant resistance back in late 2022. If it holds, we could see a move higher, potentially towards 1.4150. A clean break and close below 1.4060 would invalidate that scenario for me, suggesting a retest of the lower 1.4000 area.

3 comments · 1 points

3 Comments

PMu/pmarinescu·1mo

Agreed, that 1.4075-80 area looks crucial. I'm watching for a clear bounce off that level on higher timeframes to confirm a move back up. If it fails, that 1.4000 zone will be the next key test.

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KIu/kittipongtechavimol·1mo

ส่วนตัวคิดว่า 1.4075-1.4080 มันหลวมไปหน่อย ถ้าจะให้ชัวร์น่าจะรอให้เห็นการทดสอบที่ 1.4050 อีกครั้ง หรือไม่ก็รอให้ยืนเหนือ 1.4100 ได้จริงจังก่อนค่อยตามครับ

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MIu/michael35·1mo

That 1.4075 area is thin support. I'm not convinced it holds without some stronger catalyst for USD strength. A retest of 1.4000 seems more probable before a sustainable push higher.

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