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    USDCAD: consolidation before the publication of the API statistics

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

    Reason for the trading strategy

    Tonight, the American Petroleum Institute (API) will publish the data on the US crude oil stocks for the last week. If the stocks slightly rise or decrease in price, the WTI crude oil price may enter the range of 47-48 dollars per barrel, and the Loonie may test the level of 1.2967.

    USDCAD, H4


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