EXNESS - Analytics

EXNESS

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USDCAD: consolidation above the level of 1.3369

Sell on a level breakthrough of 1.3369 with 1.3300 target. Stop loss = 1.3420.

Reason for the trading strategy

It became known yesterday that Saudi Arabia has increased the prices for batches of oil at an average for 20-35 cents (by March) to be delivered to consumers in Asia and Western Europe in April. The current consolidation of oil prices on multi-weeks’ highs has supported the Loonie.   

       

USDCAD, H4

 



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