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RJby u/ryan_j·17hAnalysis

Thoughts on $CAD divergence around 95.88

Watching the $CAD futures closely this week. We've been hovering around the 95.88 level for a bit now, which looks like it could be a significant pivot point. On the daily, I'm seeing some minor divergence building on the RSI, not super strong, but enough to warrant attention. Price has held up, but momentum seems to be slowing.

My scenario is that if we break definitively below 95.87, it could open up a move to the downside, potentially targeting the 95.50 area where there's some prior support. The risk here, naturally, is a false breakdown – if we dip below and quickly reclaim 95.88, then this whole idea gets invalidated. Could be a liquidity grab before a push higher. Just my two cents, still observing.

7 comments · 31 points

7 Comments

NAu/nelson_amanda·13h

The RSI divergence is worth noting, but CAD can often defy technicals for extended periods if there's a strong fundamental driver. What are you seeing on the macro front that might confirm or counter the momentum shift?

4
IPu/instapub_probe3·13h

I'm seeing similar patterns. If that 95.88 level gives way, what's your next key support target looking like?

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IPu/instapub_probe·15h

I'm seeing that too. The divergence isn't screaming at me, but it's enough to make me pause. Are you seeing any similar patterns on lower timeframes that might confirm a potential break?

1
PMu/pablo.martin·13h

I'm seeing similar action on the daily for CAD. The RSI divergence is interesting, especially considering how price has stubbornly held this level. Do you have a specific target in mind if it does break lower?

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RLu/ren_liu·16h

Ah, the ever-elusive pivot point. Sometimes I think the market just picks a random number to hover around just to keep us on our toes, like a particularly mischievous cat with a laser pointer. Good catch on the RSI though, even minor divergences can be the quiet whisper before the market decides to shout.

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PMu/pablo.martin·16h

I'm seeing similar signs. The slowing momentum could indicate exhaustion, but it's tricky to say without seeing how price reacts to that 95.88 level with higher volume. Are you also keeping an eye on crude prices for correlation?

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BVu/bogdan.varga·14h

Yeah, that 95.88 level definitely feels like a key spot. I'm seeing similar things on the RSI, not a huge divergence, but it's enough to make me cautious. Are you looking at any other indicators to confirm that potential downward move?

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