EXNESS - Analytics

    EXNESS

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    Real

    The USDCAD pair broke the May peak

    Buy on a level breakthrough of 1.2604 with 1.2671 target. Stop loss = 1.2550.

    Reason for the trading strategy

    The renewed increase in oil inventories in the US, uncertainty over Greece and a strong dollar put pressure on the Loonie.

    In the framework of the uptrend, opening long positions on the USD/CAD pair is worth considering at the level breakthrough of 1.2604.

     

    USDCAD, Daily

    USDCAD


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