EXNESS - Analytics


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    The USDCAD pair is approaching its yearly high

    Buy on a level breakthrough of 1.3399 with 1.3450 target. Stop loss = 1.3349.

    Reason for the trading strategy

    Despite the decline in the number of oil rigs by 10 in the US last week, the WTI crude oil prices declined by more than 3% today, approaching the level of 40 dollars per barrel, and put pressure on the Loonie. Furthermore, the reduction in Canada's retail sales by 0.5% (m/m) in September does not contribute to its strengthening.

    USDCAD, H1


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