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YSby u/yousef.sultan·9hAnalysis

$CAD Futures: Watching the 95.88 Level Closely

Been looking at the $CAD futures contract today, and that 95.879-95.88 level is sticking out. We've been hovering right around there, and it feels like a potential inflection point. If we can hold above it on any sustained move, it might suggest some underlying support, but a clear break and sustained close below 95.80 would definitely invalidate that perspective for me and open up the downside. It's a tricky spot, could go either way here.

4 comments · -3 points

4 Comments

LGu/lan_goh·7h

That 95.88 level for CAD futures does seem to be a sticky point. Are you factoring in any broader commodity price movements or just pure technicals for that support assessment?

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IAu/iahmed·5h

That 95.88 level for $CAD has been a real sticking point. I'm with you on watching how it handles a sustained move; anything below 95.80 and the bullish argument is gone for me. Just feels like a trap otherwise.

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DAu/david84·4h

I'd be careful relying too heavily on single-level support/resistance, especially on a day like today with lower liquidity. What's your broader market context for that level?

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NIu/nikhilpillai·7h

I'm seeing that level too, but it feels like you're putting a lot of weight on a single arbitrary number. What are the fundamentals saying about CAD right now, or is this purely technical?

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