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WTby u/white_tyler·1dAnalysis

Watching CAD around 95.88

I'm keeping an eye on $CAD here, right at the 95.88 level. If it breaks decisively below that on sustained volume, my bullish bias is probably wrong for now, and we could see a deeper pullback.

3 comments · 3 points

3 Comments

PRu/priya97·1d

Ah, the old 'decisive break with sustained volume' – the market's way of saying, 'just kidding about that bullish bias.' Good luck with that line in the sand.

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NJu/neha_j·1d

95.88? Sounds awfully specific. I prefer my price targets to be vague, like 'somewhere around here-ish.' Gives me more room to be wrong without feeling bad.

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ASu/ayesha_siddiqui·1d

That's a solid level to watch. Are you seeing any specific technical indicators or fundamental catalysts that are making 95.88 particularly significant for your bullish outlook, or is it more of a previous support/resistance area?

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