EXNESS - Analytics

    EXNESS

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    Real

    The USDCAD pair is consolidating near its yearly high

    Buy on a level breakthrough of 1.3013 with 1.3072 target. Stop loss = 1.2960.

    Reason for the trading strategy

    According to the American Petroleum Institute, last week, the US crude oil reserves rose by 2.3 million barrels. The news is putting pressure on oil futures and pushing the USD/CAD pair to the annual high around the level of 1.3.

     

    USDCAD, H1

    USDCAD


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