EXNESS - Analytics

    EXNESS

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    Real

    The USDCAD pair is testing the support of the 1.2949 level

    Sell on a level breakthrough of 1.2949 with 1.2903 target. Stop loss = 1.2990.

    Reason for the trading strategy

    The rebound in prices for WTI crude oil from the level of 50.6 dollars per barrel and the weakening of the US dollar against the euro are supporting the Loonie. At the breakthrough of the level of 1.2949, opening short-term short positions for the USD/CAD pair is worth considering.

     

    USDCAD, H1

    USDCAD


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