EXNESS - Analytics

EXNESS

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The USDCAD pair is "eyeing" the level of 1.4250

Buy on a level breakthrough of 1.4187 with 1.4250 target. Stop loss = 1.4137.

Reason for the trading strategy

In December, the employment rate in Canada increased by 22.8 thousand and it decreased by 292 thousand in the US. As we can see, business activity in North America is gradually increasing. Meanwhile, the US economy, which is more diversified than the Canadian one, is more resistant to the decline in oil prices.

USDCAD, H4

USDCAD



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