EXNESS - Analytics

    EXNESS

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    USDCAD: consolidation higher than the level of 1.3052

    Sell on a level breakthrough of 1.3052 with 1.2967 target. Stop loss = 1.3110.

    Reason for the trading strategy

    External and internal factors support the Loonie. The WTI crude oil prices rose to 46.25 dollars per barrel after the publication of data on the total number of oil rigs in the United States, which fell by 12 to 775 according to the last week's totals. In August, Canada's GDP grew by 0.1% (m/m), as expected.

    USDCAD, H4

    USDCAD


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