EXNESS - Analytics

    EXNESS

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    USDCAD: under pressure before the publication of the statistics on new home sales in the United States

    Sell on a level breakthrough of 1.3218 with 1.3150 target. Stop loss = 1.3268.

    Reason for the trading strategy

     Today, the price of WTI crude oil may rise to 46-47 dollars per barrel if the September statistics on the US labor market is better than expected. The US remains the world's largest consumer of oil. In addition, the expectations of a decline in the number of active oil rigs in the US over the last week provide support for the "black gold".

    USDCAD, H1

    USDCAD


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