EXNESS - Analytics

EXNESS

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USDCAD: under pressure against the background of rising oil prices

Sell on a level breakthrough of 1.2950 with 1.2860 target. Stop loss = 1.3000.

Reason for the trading strategy

The statistics on oil reserves in the United States, which fell by 1.68 million barrels per day last week supports the currencies of the Petroleum Exporting Countries. From a technical point of view, at a breakthrough level of 1,295, opening new short positions in the USD/CAD should be considered.

USDCAD, H4

USDCAD



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