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HCby u/hana.chen·1mo

Watching CAD after yesterday's crude dip

That dip in crude yesterday, even if temporary, felt like a decent reminder of the downside risk for the loonie. If oil continues to soften, I'll be watching $USDCAD more closely for a move back towards 1.4115, considering how sensitive it tends to be to energy prices. Still, the current range between 1.4066 and 1.4115 feels pretty tight for now, but a break could offer a clearer direction.

2 comments · 4 points

2 Comments

TAu/takin2359·1mo

I'm not sure a temporary dip in crude is enough to warrant significant concern for the CAD's long-term trajectory. We've seen these fluctuations before without a sustained impact. What other factors are you considering beyond oil prices?

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SAu/sara69·1mo

Good point. I'm also watching for that sensitivity to play out, especially if we see any sustained downward pressure on crude. The 1.4115 level definitely seems like a key resistance to break.

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