Preferred direction: SELL
Comment: At the end of this week, another one of the most promising currencies as a strengthening against the US dollar is the Canadian dollar. Here, the Canadian dollar is provided with additional support by rising oil prices. The main target for the fall is located at the level of 1.34000, and most likely we will continue to move towards it without strong pullbacks towards local highs. Therefore, scenario №2 is unlikely to be realized and we continue to adhere to scenario №1.
Thank you for like and share your views!
Comment: At the end of this week, another one of the most promising currencies as a strengthening against the US dollar is the Canadian dollar. Here, the Canadian dollar is provided with additional support by rising oil prices. The main target for the fall is located at the level of 1.34000, and most likely we will continue to move towards it without strong pullbacks towards local highs. Therefore, scenario №2 is unlikely to be realized and we continue to adhere to scenario №1.
Thank you for like and share your views!
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