EXNESS - Analytics

    EXNESS

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    USDCAD: consolidation before the publication of the business activity index in Canada's manufacturing sector

    Buy on a level breakthrough of 1.2632 with 1.2690 target. Stop loss = 1.2580.

    Reason for the trading strategy

    Today at 14:00 GMT, the business activity index in Canada's manufacturing sector will be published. The decline from 62.3 p. to 56.2 p., expected in June, may put pressure on the Loonie. At 14.30 GMT, it is worth paying attention to the Bank of Canada report on economic conditions and prospects for business development in the country.

     

    USDCAD, H1

    USDCAD


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