EXNESS - Analytics


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    USDCAD: consolidation higher than 1.2534 support level

    Buy on a level breakthrough of 1.2580 with 1.2630 target. Stop loss = 1.2530.

    Reason for the trading strategy

    According to Baker Hughes, the last week's totals of the number of active rigs in the US rose from 5 to 640 units for the first time since the end of December 2014. In the coming weeks, oil production in the United States may increase, which would put pressure on the currencies of the oil exporting countries.


    USDCAD, H1


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