Strifor || USDCAD-Mid-term view
Preferred direction: SELL
Comment: As part of the upcoming weakening of the American currency in the medium term, one of the most promising currency pairs for such a trade is USDCAD. The fall is considered towards the level of 1.35000, target №2 - 1.34000.
The more likely scenario №1 still assumes a preliminary update of the maximum, that is, a price movement towards the level of 1.36500. Scenario №2 - more aggressive in terms of sales, and assumes a maximum drop from current prices.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: As part of the upcoming weakening of the American currency in the medium term, one of the most promising currency pairs for such a trade is USDCAD. The fall is considered towards the level of 1.35000, target №2 - 1.34000.
The more likely scenario №1 still assumes a preliminary update of the maximum, that is, a price movement towards the level of 1.36500. Scenario №2 - more aggressive in terms of sales, and assumes a maximum drop from current prices.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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