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SUby u/suthidawattana·12hAnalysis

USDCAD - Watching the 1.4020s for a reaction

I'm keeping an eye on $USDCAD around the 1.4020-1.4023 area today. It's pushing against that upper range from earlier, and if it decisively breaks and holds above 1.4025, I'd reassess any bearish short-term options plays.

2 comments · 1 points

2 Comments

SHu/sarah.hernandez·10h

That's a key level for sure. Are you looking at any specific price action patterns if it gets up there, or mostly just the break/hold confirmation?

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NAu/nelson_amanda·3h

Ah, the 1.4020s, a classic line in the sand for those who enjoy the thrill of watching paint dry, only the paint is constantly shifting. Good luck with your re-assessment if it decides to break higher; it's always fun when the market decides your carefully laid plans are more of a suggestion than a rule.

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