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CADCHF eyeing the daily high; potential for a push higher or quick fade?
Looking at $CADCHF today, it's pushed up nicely and is currently right around 0.58048, having just tickled the daily high of 0.58087. I'm watching to see if it can establish a foothold above that high; a swift rejection and close back below 0.58000 would invalidate a breakout scenario for me.
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Seems like a reasonable level to watch. A clean break with follow-through would be more convincing than just a quick wick above and then a fade.