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USDCAD at 1.41 — is this the new normal or just a pause?
Watching $USDCAD hover around 1.41002 today, after seeing it touch 1.4093, I'm honestly wondering if we're seeing some genuine consolidation at these levels, or if this is just a moment of quiet before a more significant move. With so much focus on interest rate differentials and oil price swings influencing this pair, it feels like everyone's a bit divided on whether we're establishing a new baseline or if we're just loading up for a retest of higher/lower levels soon. Personally, I'm leaning towards the latter, feeling like the underlying fundamentals haven't shifted enough for this to be a true equilibrium. Convince me I'm wrong, or share what you're seeing that I might be missing.
1 comments · 1 points
It's a really good question. I've been watching the same, and it feels less like a new normal and more like the market taking a breather to price in the latest BOC and Fed rhetoric. I'm leaning towards a break out of this range soon, but the direction is still hazy given the mixed signals.