EXNESS - Analytics

EXNESS

628.50 4.00/10
69% of positive reviews
Real

Canada's GDP supports the Loonie

Sell on a level breakthrough of 1.3114 with 1.3060 target. Stop loss = 1.3164.

Reason for the trading strategy

In June, Canada's GDP increased by 0.5% (m/m), with a forecast of 0.2% (m/m). The growth in aggregate demand is supporting the Loonie, despite the adjustment in the price of WTI crude oil from 48 to 44.2 dollars per barrel in the last day. Today, it is worth paying attention to the publication of the weekly statistics on oil reserves in the United States.

 

USDCAD, H4

USDCAD



To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree