EXNESS - Analytics

    EXNESS

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    USDСAD: under pressure against the background of rising oil prices

    Sell on a level breakthrough of 1.3225 with 1.3040 target. Stop loss = 1.3275.

    Reason for the trading strategy

    According to the US Department of Energy, the country's oil reserves grew by 0.3 million barrels over the past week, with a forecast of growth of 2 million barrels. The statistics provided support for oil prices. Currently, WTI crude oil is trying to gain a foothold above the level of $40 per barrel, and the USD/CAD pair is approaching the level of 1.3225.

    USDCAD, H4

    USDCAD


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