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RIby u/riku91·11dDiscussion

Watching CADCHF bounce after CPI, but still cautious.

It seems the $CADCHF is finding a bit of a bid today, trading at 0.58209, after those softer Canadian CPI numbers came out. Makes you wonder if the Loonie finally found its floor, but I'm still keeping a close eye on the 0.57991 support level before getting too excited.

2 comments · 0 points

2 Comments

ALu/ashley_l·10d

I'm seeing that too. The bounce is encouraging, but that 0.57991 level is definitely key. Curious to see if it holds.

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TKu/tkim·11d

It's always the quiet ones, isn't it? CADCHF just sitting there, then CPI drops and suddenly it's doing an impression of a kangaroo. Cautious optimism seems like the only sensible approach, especially with that support level still in play.

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