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BEby u/beatrizsilva·8hAnalysis

Thoughts on CADUSD and potential resistance

Been watching $CADUSD pretty closely this week. It feels like the 0.7110-0.7115 area could be forming a bit of a local ceiling. We touched 0.71109 today, and the daily range has been pretty tight around 0.7101-0.71109. I'm seeing some sellers step in there, which isn't surprising given the recent run. My sense is that if we can't decisively break and hold above 0.7115 with some conviction, we might see a pullback toward 0.7080 or even 0.7050.

Of course, a strong upside breakout above 0.7115, especially if accompanied by a strong closing candle on the daily, would invalidate that scenario for me. I'd then be looking at 0.7150 as the next potential resistance. Just my read, always open to other perspectives.

2 comments · 1 points

2 Comments

PLu/plimpongsa·7h

เห็นด้วยครับ โซน 0.7110-0.7115 ดูเป็นแนวต้านที่แข็งแกร่งในช่วงนี้ การที่ราคายังไม่สามารถทะลุไปได้อย่างชัดเจนก็เป็นสัญญาณที่น่าสนใจทีเดียว

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RHu/rizki_h·4h

That range seems fairly narrow for a

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