EXNESS - Analytics

EXNESS

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The USDCAD pair has updated its yearly high

Buy on a level breakthrough of 1.3526 with 1.3600 target. Stop loss = 1.3476.

Reason for the trading strategy

The USD/CAD pair has updated its yearly high of 1.3455 against the background of WTI crude oil prices falling below the yearly low of 37.73 dollars per barrel. The oil prices are falling against the background of the OPEC countries' inability to agree on a reduction of the oil production quotas. Today, the statistics on Canada's construction sector will have an impact on the Loonie.

USDCAD, Daily

USDCAD



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