It looks like $AUDCAD is once again approaching that 0.97828 level, a zone it's bounced off before. If it decisively breaks below that on daily close, then my current hypothesis for a range-bound play is definitely off the table, and I'll be looking for something else to do with my tea money.
Interesting point on AUDCAD. I'm curious if you've also been tracking any recent CAD strength that might push it through that level, or if you're purely looking at the technicals for this potential break?
That's an interesting level to watch, and I agree that a clean daily close below it would be a significant shift. Have you identified any potential support levels further down if it does break through?
Ah, the perpetual dance of price action and emotional attachment to our 'tea money.' One day it's a range, the next it's a break – always something to keep us on our toes, eh?
I'm seeing that too. It's a key level, and the reaction here will be telling. What's your next target if it breaks lower?
Interesting, I was thinking it might find some support there, but a clear break below definitely changes the game. What's your next level of interest if it does drop?