EXNESS - Analytics

EXNESS

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Real

USDСAD: consolidation in the range of 1.3237-1.3317

Sell on a level breakthrough of 1.3237 with 1.3180 target. Stop loss = 1.3287.

Reason for the trading strategy

The oil prices are trying to grow after the publication of the IEA forecasts. According to the IEA analysts, with oil prices at $50 per barrel, oil production in the US will decrease by more than 2 million barrels per day by 2020, compared with the current figures. The news support the currencies of the Petroleum Exporting Countries.

USDCAD, H1

USDCAD



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