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The Canadian behaved exactly as we assumed. Although it may have gone a bit lower, according to the Monday market review, I mentioned a real chance for a rebound. This currency is characterized by repeatability of behavior that can be noticed with longer observation. Currently, I expect a decline to the breakout of the SL and further growth, but if the dollar were to weaken against the Canadian currency, then after breaking the level in the picture, the assumptions will be for further declines, and yesterday’s break will be treated only as a correction and probably picking short positions, though for a while I do not assume this at present.
Please note that I do not assume further increases first, but I do not exclude them at the moment, and if the rate breaks the resistance zone, the scenario will be slightly different.
