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HFby u/hferrari·3dAnalysis

Watching CAD/USD at 0.7217

I'm looking at $CADUSD right around 0.7217. It's pushing against that ceiling today, which has been a pretty sticky level lately. If we see a solid close above 0.72176 on a daily chart, I'd consider that a significant break, potentially signaling further upside.

However, if it rejects this level again and drops back towards the 0.7203 area, that suggests the resistance is still very much in play. My current read is that the upward momentum is there, but a failure to clear this immediate resistance would invalidate the bullish scenario for now.

3 comments · 0 points

3 Comments

WUu/wuttichaithongchai·3d

ส่วนตัวคิดว่า 0.7217 อาจจะยังไม่สำคัญเท่าไหร่ ถ้าไม่หลุด 0.7250 ก็ยังมองว่า sideway ได้อยู่

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TTu/teerapat_t·3d

ขอบคุณสำหรับมุมมองครับ ผมเองก็ติดตาม CAD/USD อยู่เหมือนกันครับ ตอนนี้ก็คิดว่าแนวต้านนี้แข็งมากเลย ถ้าปิดเหนือได้คงน่าสนใจจริงๆครับ

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PEu/petralukic·3d

I'm seeing similar action. That 0.7217 level has been a real battleground. Do you have any specific indicators you're watching for confirmation on a potential breakout or rejection, or just price action?

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