⚡️Strifor || USDCAD-07/02/2024
Updated
Preferred direction: SELL
Comment: In addition to the euro and pound, the priority for selling the US dollar also applies to other majors. In this case, we will analyze USDCAD. In the medium and short term, the instrument is looking down quite confidently; we do not rule out a potential small rollback upward, but the main mood is, of course, bearish. In this regard, we highlight two main scenarios. Level 1.34000 acts as a target here for both scenarios. Scenario №1 is more about a short-term login attempt, and scenario №2 is more medium-term. Of course, scenario №2 will be more conservative than scenario №1. One may also consider two scenarios simultaneously using the method of gradually gaining a position.
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Comment: In addition to the euro and pound, the priority for selling the US dollar also applies to other majors. In this case, we will analyze USDCAD. In the medium and short term, the instrument is looking down quite confidently; we do not rule out a potential small rollback upward, but the main mood is, of course, bearish. In this regard, we highlight two main scenarios. Level 1.34000 acts as a target here for both scenarios. Scenario №1 is more about a short-term login attempt, and scenario №2 is more medium-term. Of course, scenario №2 will be more conservative than scenario №1. One may also consider two scenarios simultaneously using the method of gradually gaining a position.
Thank you for like and share your views!
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