EXNESS - Analytics

    EXNESS

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    The USDCAD pair is approaching the level of 1.2563

    Buy on a level breakthrough of 1.2507 with 1.2563 target. Stop loss = 1.2457.

    Reason for the trading strategy

    In April, Canada's GDP decreased by 0.1% (m/m), with an expected growth of 0.1% (m/m). These news is negative for the Loonie. Meanwhile, the Bank of Canada is unlikely to pursue another reduction in key interest rates in the country, given the stabilization of oil prices in Q2 2015.

     

    USDCAD, Daily

    USDCAD


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