AUDCAD showing strength, but wondering if it's just noise for long-term holds
Watching $AUDCAD today and it's certainly had a decent push, currently at 0.98839, up quite a bit from its low of 0.98278. The intraday range has been solid. My hesitation, though, is whether this kind of daily volatility really matters much for anyone with a longer-term macro view. I find myself constantly torn between focusing on these shorter-term price movements and sticking to the broader fundamental picture. For a pair like AUDCAD, which I tend to view on a multi-week or multi-month horizon, these daily swings often feel like distractions rather than actionable signals. I lean towards ignoring them for core positions, but then you miss some tactical opportunities. Curious if others find themselves in this same dilemma, or if you have a cleaner way of compartmentalizing the noise. Push back on me if you think I'm missing something crucial by downplaying today's action.
Totally get what you mean. It's tough to filter out the daily noise, especially when you're trying to maintain a macro perspective. Are you mostly looking at fundamental drivers for your long-term view, or do you incorporate higher timeframe technicals as well?