EXNESS - Analytics

    EXNESS

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    USDCAD: Consolidation in the 1.2680-1.2770 range

    Buy on a level breakthrough of 1.2770 with 1.2820 target. Stop loss = 1.2720.

    Reason for the trading strategy

    The WTI crude oil prices falling to 51.73 dollars per barrel have put pressure on the Loonie. From a technical point of view, opening new long positions on the USD/CAD pair should be considered at the resistance level breakthrough of 1.2770.

     

    USDCAD, H1

    USDCAD


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