EXNESS - Analytics

    EXNESS

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    USDCAD: growth before publication of Canada's consumer price index

    Buy on a level breakthrough of 1.2972 with 1.3030 target. Stop loss = 1.2922.

    Reason for the trading strategy

    After a recent reduction in Canada's key interest rates, the demand for the Loonie fell sharply. Today, the publication of the inflation statistics on Canada could put pressure on it. In June, the core consumer price index is expected to reduce by 0.1% (m/m).

     

    USDCAD, H4

    USDCAD


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