EXNESS - Analytics

EXNESS

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The USDCAD pair is testing the resistance level of 1.3311

Sell on a level breakthrough of 1.3311 with 1.3245 target. Stop loss = 1.3361.

Reason for the trading strategy

Rumors that the OPEC will agree to reduce oil production quotas (by 1 million barrels per day) on 4 December supported the investor interest in the commodity currencies, despite the proximity of oil prices to the yearly lows.

USDCAD, H4

USDCAD



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