EXNESS - Analytics

    EXNESS

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    Real

    The retail sales in Canada provided little support for the Loonie

    Buy on a level breakthrough of 1.3047 with 1.3100 target. Stop loss = 1.2997.

    Reason for the trading strategy

    Yesterday, the data published on retail sales in Canada was stronger than expected and kept the USD/CAD pair below the level of 1.3047, despite the drop in oil prices. In the frame of the uptrend opening long positions in the pair should be considered above this level.

     

    USDCAD, H1

    USDCAD


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