Strifor || USDCAD-29/05/2024
Preferred direction: BUY
Comment: The USDCAD currency pair is also considered today more from the point of view of buy-priority. Here the growth target is the resistance level 1.37438, which is a local maximum. In the medium term, growth is expected to be even higher.
The most likely scenario №1 speaks of maximum growth from current prices, and this applies not only to this instrument, but also to most other major pairs. But a sharp drop to the level is also not excluded. 1.36000. This could happen against the backdrop of the publication of data on US GDP, for example. However, the medium-term prospects (scenario №2) for this instrument will most likely develop in favor of the buyer.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: The USDCAD currency pair is also considered today more from the point of view of buy-priority. Here the growth target is the resistance level 1.37438, which is a local maximum. In the medium term, growth is expected to be even higher.
The most likely scenario №1 speaks of maximum growth from current prices, and this applies not only to this instrument, but also to most other major pairs. But a sharp drop to the level is also not excluded. 1.36000. This could happen against the backdrop of the publication of data on US GDP, for example. However, the medium-term prospects (scenario №2) for this instrument will most likely develop in favor of the buyer.
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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