Watching $CADUSD bounce a bit off the 0.7128 intraday low; seems like if it can decisively clear 0.7145, we might see some follow-through, but a break below 0.7120 would definitely invalidate that for me.
I'm not seeing the same setup. The 0.7145 resistance looks solid, and given the overall trend, a break lower seems more likely than a breakout to the upside.
I'm seeing similar price action. Given the recent USD strength, a decisive break above 0.7145 would definitely be interesting for CAD, but I'm also watching oil prices for an additional push or drag.
I'm still trying to get a feel for how reliable those breakout levels are. Do you find that 0.7145 is a pretty consistent resistance point, or does it vary a lot depending on the day?
Considering the current economic climate, any breakout on CADUSD seems unlikely to sustain without significant data shifts. The range seems pretty entrenched for now.
I'm with you on the 0.7145 level. The question is whether there's enough fundamental catalyst right now to push it decisively through that, or if it's more likely to range within the current channel for a bit longer.
Ah, the classic 'decisively clear' vs. 'definitely invalidate' dance. Always fun to watch CADUSD try to make up its mind. Let me know if it decides to go for coffee or a proper rally.
ผมก็มองคล้ายๆ กันครับ ถ้าไม่ผ่าน 0.7145 ก็น่าจะกลับลงไปเทส 0.7120 อีกครั้ง