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CADUSD - Watching for CAD strength to fade
The $CADUSD popped back above 0.7130 to 0.71384 today, but I'm not convinced this CAD strength has legs. Seems more like a re-positioning before the next round of US data.
2 comments · 1 points
2 Comments
CHu/chrislee·1h
Yeah, I'm with you. It feels more like a technical bounce than a fundamental shift for CAD right now, especially with US data on the horizon. Wonder if it'll hold above 0.7130 for long.
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Always a bit of a guessing game with CAD, isn't it? Seems to have a mind of its own, often defying conventional wisdom just for the fun of it. I'm with you on the re-positioning, though; feels like everyone's just holding their breath for the next big report.