Strifor || USDCAD-04/04/2024
Preferred direction: SELL
Comment: The Canadian dollar also perfectly fulfilled its medium-term sell scenario, which we gave earlier. Here, as with AUDUSD, in the short term, the sell-priority remains, and a fall is expected towards the level of 1.34500, where the nearest support is located. It should be noted that the instrument retains the prospect of falling to the level of 1.34000.
We identify two main scenarios for selling, mostly intraday. The likelihood that the seller will be aggressive is high.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: The Canadian dollar also perfectly fulfilled its medium-term sell scenario, which we gave earlier. Here, as with AUDUSD, in the short term, the sell-priority remains, and a fall is expected towards the level of 1.34500, where the nearest support is located. It should be noted that the instrument retains the prospect of falling to the level of 1.34000.
We identify two main scenarios for selling, mostly intraday. The likelihood that the seller will be aggressive is high.
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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