Sell opportunity
The USDCAD pair presents an enticing Sell opportunity at the current price of 1.37251, with favorable potential for profit.
Targets:
Primary Target: 1.36457
Secondary Target: 1.36062
Breakout Scenario: 1.37590
In the event of a breach above the Support level of 1.37590, indicative of a Bullish breakout, the target price is anticipated to ascend towards 1.38000.
Technical analysis indicates a notable Selling sentiment prevailing in the market at the present price level.
Fundamental factors align with the proposed Sell strategy, suggesting Downward pressure on the USDCAD pair.
Prudent risk management measures should be employed to mitigate exposure to potential adverse market movements.
Disclaimer: This analysis is provided based on current market conditions and historical price data. Traders are advised to conduct independent research and exercise caution, employing appropriate risk management techniques, before executing any trading decisions.
Targets:
Primary Target: 1.36457
Secondary Target: 1.36062
Breakout Scenario: 1.37590
In the event of a breach above the Support level of 1.37590, indicative of a Bullish breakout, the target price is anticipated to ascend towards 1.38000.
Technical analysis indicates a notable Selling sentiment prevailing in the market at the present price level.
Fundamental factors align with the proposed Sell strategy, suggesting Downward pressure on the USDCAD pair.
Prudent risk management measures should be employed to mitigate exposure to potential adverse market movements.
Disclaimer: This analysis is provided based on current market conditions and historical price data. Traders are advised to conduct independent research and exercise caution, employing appropriate risk management techniques, before executing any trading decisions.
GODO Capital Markets
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