Preferred direction: SELL Comment: Medium-term shorts continue to be relevant for the USDCAD currency pair. As we said earlier, scenario №2 is more likely and even more effective. At the moment, there is a fact of accumulation of market longs, which provides a so-called resource for a fall. Here we note the presence of a limit buyer for CAD. Also, do not forget that this week we will have a decision from the Bank of Canada on the interest rate, which of course will affect this currency pair. The fall is currently expected towards the level of 1.35000.
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