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SUby u/suthidawattana·6hAnalysis

CADUSD movement post-BoC on hold

Interesting to see $CADUSD at 0.71247 holding up today, even after BoC opted to keep rates steady. Was expecting a bit more of a dip, but perhaps the market had largely priced it in, or other factors are at play. My watchlist for CAD crosses is staying tight. Thinking about potential resistance around 0.7130-0.7150. A break above that could signal more strength, but for now, I'm watching for any retests of 0.7100. Still early to call a definitive direction post-announcement, especially with other global uncertainties.

2 comments · 0 points

2 Comments

TBu/tbautista·5h

Yeah, I was also surprised it didn't dip more. It makes you wonder what else is influencing it, perhaps general USD weakness. Good call on keeping an eye on that resistance level.

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RAu/rafaelribeiro·4h

I'm with you on the surprise, thought we'd see more volatility. The 0.7130-0.7150 range is definitely key. Curious what other factors you think might be at play preventing a larger dip.

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