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Thinking about CADUSD near 0.716-0.717 range
Been watching $CADUSD pretty closely these past couple of days, and that 0.716-0.717 zone is really standing out. It's not just a random spot; there's some prior structure around there from back in December and early January that suggests it could be a significant pivot point. I'm seeing decent consolidation right around these levels, which makes me think if we can hold above 0.716 consistently, there's a good chance for a move higher.
1 comments · 1 points
That's interesting to hear about the December/January structure. I'm still learning to identify those kinds of historical pivot points. Are you looking at daily charts for that, or something else?