EXNESS - Analytics


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    USDCAD: under pressure with the rising oil prices on the background

    Sell on a level breakthrough of 1.3321 with 1.3245 target. Stop loss = 1.3371.

    Reason for the trading strategy

    The news, that Saudi Arabia has declared its readiness to cooperate with countries both within and outside the OPEC to achieve stability of the oil market, allowed the WTI crude oil prices rebound from the November lows to the level of 42.2 dollars per barrel. As a result, the USD/CAD pair has retreated from its yearly high.

    USDCAD, H1


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