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WSby u/walid.saleh·1hDiscussion

USDCAD - Still eyeing that 1.41 for a clear break?

Watching $USDCAD again today, bouncing around the 1.40884 mark. The move higher over the last few days has been interesting, especially with the general USD strength we've seen. I've been keeping an eye on it ever since it started pushing past that 1.405 level. The high today was 1.40997, just tickling the underside of that 1.41 level that seems to be holding a bit of resistance.

I'm curious if we'll see a convincing push through 1.41 this week, or if it's going to consolidate a bit more first. There isn't much on the immediate news front from the US or Canada that feels like a game-changer for this pair, so it feels more like a technical play or a general sentiment shift. My watchlist has it tagged for a potential long if we can get a clean break and hold above 1.41, but I'm not rushing into anything just yet. Anyone else looking at this one?

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