EXNESS - Analytics

EXNESS

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Real

In the short term, the USD/CAD could test the resistance level of 1.3341

Buy on a level breakthrough of 1.3153 with 1.3341 target. Stop loss = 1.3103.

Reason for the trading strategy

The fact that the number of active rigs grew by 5 units in the US and totaled 664 units over the past week is putting pressure on the oil quotes. In addition, the May decline in Canada's GDP by 0.2% (m/m) will contribute to further easing of monetary policy in the country.

USDCAD, H4

USDCAD

 



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