EXNESS - Analytics

    EXNESS

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    USDCAD: consolidation before the publication of the statistics on oil reserves in the US

    Sell on a level breakthrough of 1.2915 with 1.2804 target. Stop loss = 1.2970.

    Reason for the trading strategy

    From yesterday's low the prices for WTI crude oil rose by about 2% and supported the Loonie. The decline in crude oil inventories in the United States by 0.1 million barrels expected last week could support the prices for oil.

     

    USDCAD, H1

    USDCAD


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