EXNESS - Analytics

    EXNESS

    628.50 4.00/10
    69% of positive reviews
    Real

    USDCAD: Consolidation in the 1.3812-1.3983 range

    Buy on a level breakthrough of 1.3983 with 1.4086 target. Stop loss = 1.3933.

    Reason for the trading strategy

    The USD/CAD pair remains clamped in the 1,3812-1,3983 range. After testing the $ 38.35 resistance level, the WTI crude oil prices fell back to 36.71 dollars. The oil market participants have not yet considered the geopolitical tensions in the Middle East as a factor that can start a negative trend in the oil market that has emerged due to the excess of supply over demand.

     

    USDCAD, H1


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree