USDCAD-06/30/2023

Preferred direction: SELL
Comment: The formed balance at 1.31385 is most likely to be distributed downwards, since market long-positions on this pair cannot move the price upwards. Thus, an impulsive hike down has a good supply of "fuel". The breakdown of the level 1.31385 is just the entry point. The considered target for this deal is at the level of 1.31385.

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