EXNESS - Analytics

EXNESS

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The Canadian dollar has updated the 2015 low against the US dollar

Buy on a level breakthrough of 1.4051 with 1.4151 target. Stop loss = 1.4001.

Reason for the trading strategy

The reduced price for WTI crude oil to 35.75 dollars per barrel and the strengthening of the US dollar against the euro has allowed the USD/CAD pair update the 2015 low to around the 1.4 mark. Today, it is worth paying attention to the publication of data on the US and Canada's foreign trade and the business activity index in the US service sector, the US oil inventories for last week, and the December US Federal Reserve meeting.

 

USDCAD, H4



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