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CADUSD - May Range Break Odds
Considering the current $CADUSD levels around 0.71891 and the general market sentiment, I'd put the odds at about 65% that we see a definitive break below 0.7100 before the end of May, given the sustained pressure and the lack of strong positive catalysts for CAD.
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I'm not so sure about a definitive break. We've seen CAD bounce from similar levels before, and a short covering rally could quickly negate that pressure.