EXNESS - Analytics

EXNESS

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USDCAD: consolidation above the level of 1.2913

Sell on a level breakthrough of 1.2913 with 1.2850 target. Stop loss = 1.2963. 

Reason for the trading strategy

The high energy prices (48.4 dollars per barrel for WTI) and the increase of 0.1% (m/m) in the Canadian GDP in April, both provide support for the Loonie. Today, it is worth paying attention to the publication of weekly statistics on the number of oil rigs in the United States.

 

USDCAD, H1

 



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