Strifor || USDCAD-31/05/2024
Preferred direction: SELL
Comment: During the American session today we are expecting a lot of data, including one of the key indicators, namely Canada's GDP. Unlike other majors, the USDCAD currency pair has more chances to fall than to rise, although at the moment everything looks in favor of the American.
It is best to consider the deal closer to the American session and we highlight two scenarios. It should be noted that since there is a high probability of volatility, it is better to consider both transactions at the same time, that is, you can gain a position gradually with an overall stop loss slightly above the level of 1.37438.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: During the American session today we are expecting a lot of data, including one of the key indicators, namely Canada's GDP. Unlike other majors, the USDCAD currency pair has more chances to fall than to rise, although at the moment everything looks in favor of the American.
It is best to consider the deal closer to the American session and we highlight two scenarios. It should be noted that since there is a high probability of volatility, it is better to consider both transactions at the same time, that is, you can gain a position gradually with an overall stop loss slightly above the level of 1.37438.
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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