EXNESS - Analytics

EXNESS

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USDCAD: consolidation higher than the 1.3385 level

Sell on a level breakthrough of 1.3385 with 1.3300 target. Stop loss = 1.3435.

Reason for the trading strategy

The fact that oil prices have not reacted to the American Petroleum Institute statistics, which confirmed an increase of almost 10 million barrels in the US oil inventories last week, says a lot. It seems that the oil market participants will now mainly react to the good news, and ignore the bad ones.      

 

USDCAD, H4

 



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