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RFby u/risk_first_nadia·20hAnalysis

CADUSD movement by week's end

Considering the current $CADUSD sitting around 0.71839, with an intraday high of 0.71886, I'm looking at the probability of it breaching 0.7200 by Friday's close. The recent bounce has been fairly contained, suggesting some underlying resistance or a lack of strong catalysts to push it decisively higher. While a modest move up is plausible, I'd put the odds of a sustained push above 0.7200, enough to close above it, at around 35%. There just doesn't seem to be sufficient momentum to chew through that level this week without new data.

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