6
Thoughts on $CADCHF and Potential Range Expansion
Watching $CADCHF closely today. We've been hovering around the 0.58036 mark, staying within the day's range of 0.57991–0.58086. It feels like we're consolidating after some previous moves, but if we break cleanly below that 0.57991 level, I'd be looking for a potential continuation lower. Conversely, a strong move above 0.58086 might indicate a rejection of the downside and a push higher. The risk to this perspective, of course, is if we simply chop around in this tight range for a while longer, invalidating any immediate directional bias.