$USDCAD

The $USDCAD pair has been testing the 1.4005 support zone today, which was a pretty solid resistance previously. If it holds, I'm anticipating a potential move back towards the day's high around 1.404. A break and sustained close below 1.4000 would invalidate that scenario for me, suggesting further downside.

The BOC's recent hawkish hold, despite a slight dovish tilt from market expectations, has me watching $USDCAD closely around the 1.40 handle; any sustained break below 1.40052 could signal further downside potential, contrasting with the relatively muted reaction we saw initially.

Been keeping an eye on $USDCAD today, specifically around that 1.405 level. We've seen it push up toward there and then pull back a bit. To me, that area is starting to look like a pretty solid resistance zone if it can't clear it convincingly.

The flip side, of course, is that if we get a decisive close above 1.405, especially on higher volume, then my resistance thesis is likely out the window. Could be a decent setup for a continuation if that happens, but I'm holding judgment until we see how it interacts with that level in the coming hours.

Hey everyone, wanted to throw out some thoughts on $USDCAD. I've been tracking it pretty closely today, and with the price action hovering around 1.40226 right now, I'm eyeing the 1.4050 area as a potential short-term resistance. Looking at the daily, we've had some strong moves lately, and it feels like there could be some profit-taking or supply kicking in around that level. It's a psychological level too, which sometimes adds to the weight.

My thinking is that if we see a clear rejection or signs of exhaustion around 1.4050, especially if accompanied by lower volume on that push up, it could signal a pullback. The risk that invalidates this idea for me would be a clean break and hold above 1.4050. If it starts consolidating above that, my bias would definitely shift, and I'd be looking for higher levels. Just wanted to put it out there and see what others are thinking on this one.

มอง SET สัปดาห์หน้า น่าจะยังผันผวนต่อ ดึงกลับได้บ้าง แต่ต้านบนก็หนัก ตลาดยังไม่ไปไหนชัดเจนเท่าไหร่ ถ้าไม่หลุดแนวรับสำคัญก็น่าจะยื้อได้ แต่ถ้าหลุดก็มีโอกาสเห็นภาพแย่ลงอีกเยอะ พวกกลุ่มแบงก์กับพลังงานยังดูเป็นตัวหลัก ส่วนตัวยังเน้นหุ้นรายตัวที่ผลประกอบการชัดเจนมากกว่าหวังภาพรวมตลาด $MXNJPY $USDCAD.

I'm keeping an eye on $USDCAD; it's had a decent bounce from the 1.4005 level today. If we break and hold below that, my current bullish bias would definitely be in question.

Watching $USDCAD pretty closely around the 1.4000 psychological level. We saw a dip down to 1.40052 today, but it hasn't really broken cleanly below that yet. I'm wondering if this 1.4000 mark is going to act as a significant support zone, potentially setting up for a bounce back towards the earlier highs we've seen this week, maybe even retesting 1.40429 or higher. Price action has been fairly choppy around here lately, which isn't exactly a high-conviction setup, but it’s an important level to watch.

My take is that if we get a decisive close below 1.4000 on a daily chart, especially if it breaks through 1.3980 with some conviction, then the short-term bullish view gets invalidated pretty quickly. At that point, I’d be looking for a potential move lower, perhaps towards 1.3900. Right now, it feels like it's hugging that line, building energy for a move, but the direction is still up for debate. Just my observation, not advice. Be careful out there.

Been watching $USDCAD this week, and it's starting to look like we might be seeing some CAD strength coming through. We've been hovering around that 1.40226 mark, and the daily range has been pretty tight, from 1.40052 to 1.40429. What's catching my eye is how it's failing to really push higher despite some broader USD strength we've seen elsewhere. The market seems a bit indecisive here, but the lack of follow-through on any upside moves is telling.

My take is that if we start seeing a sustained break below 1.4000, that could signal a further leg down, potentially even testing the lower 1.39 handle. The risk to this idea, for me, would be if we get a strong bounce and close above 1.4045-1.4050 on the daily. That would suggest the buyers are still firmly in control and this current indecision is just a pause before another push higher. Always gotta keep an eye on the oil prices too, given the correlation, though $MGC isn't giving clear signals at 272.04. Just some thoughts I had bouncing around.

Saw the Bank of Canada comments on inflation earlier, specifically their slightly more hawkish tone regarding underlying price pressures. It wasn't a full-blown pivot, but the language definitely indicated they're not out of the woods on inflation just yet. This has me thinking about potential CAD strength, or at least a less aggressive rate-cut path than some might have priced in.

My watchlist has $CADJPY and $USDCAD on it. If this hawkish tilt gets reinforced by any upcoming data, particularly CPI numbers later this month, we could see some interesting moves. Right now, $MXNJPY is also on my radar given some of the broader EM currency movements today, currently at 9.25975, but my primary focus is definitely on the CAD pairs for the next week or two based on the BOC. Just curious how others are interpreting this – anyone seeing a clearer path for CAD?