EXNESS - Analytics


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    USDCAD: consolidation higher than the level of 1.3037

    Sell on a level breakthrough of 1.3037 with 1.2967 target. Stop loss = 1.3087.

    Reason for the trading strategy

    Currently, oil market participants are in a state of uncertainty, but they are buying oil futures. In the short term, demand for oil (in China, the euro zone, etc.) will remain weak. However, in the medium term (according to OPEC's estimates) oil production (in the United States and several other countries) will be significantly reduced. Today, weekly publication of oil from the US Department of Energy will support the Loonie.

    USDCAD, H4

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