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CADCHF - A Bear's Banquet or a Boar Trap?
Seeing $CADCHF drop like a stone today, currently at 0.57703 after that slide from yesterday's highs. Everyone's quick to pile on with the 'USD strength' narrative, but I'm looking at this with a bit more skepticism. Are we really convinced this isn't just a liquidity grab before a bounce? The sheer speed of the move feels... engineered. I'm not saying it's going to flip on a dime, but chasing this down here, after a nearly 1.30% intraday move, feels a lot like arriving late to the party and being handed the bill.
I get the fundamentals, I really do. But sometimes the market has a way of making the obvious trade the most painful one. Would love for someone to convince me otherwise.
1 comments · 6 points
It's definitely an interesting point about the speed of the move feeling engineered. I'm leaning more towards a continuation of the trend, but your skepticism about a potential liquidity grab isn't unwarranted. The volume might give us a better clue if this is just a shakeout.