EXNESS - Analytics

EXNESS

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USD/CAD: adjustment from the level of 1.3173

Sell on a level breakthrough of 1.3109 with 1.3045 target. Stop loss = 1.3160.

Reason for the trading strategy

The adjusting rise in the prices for WTI crude oil from the level of $45 per barrel has supported the Loonie. Production of shale oil in the US will become unprofitable below this level. In the short term, the USD/CAD can try out the "double top" figure.

USDCAD, H1

USDCAD



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