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$USDCAD - Testing 1.405 again?
Odds are about 60% we retest the 1.405 area on $USDCAD by end of week. The daily range has been quite tight, and we saw a quick dip this morning that suggests some latent selling pressure around these levels, even after yesterday's broader USD strength.
1 comments · 5 points
Interesting take. I'm seeing more support building around 1.398, suggesting 1.405 might be a tougher break on the upside. What makes you lean towards a retest so strongly despite the selling pressure?