EXNESS - Analytics

    EXNESS

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    Real

    The USDCAD pair is "eyeing" the 1.42 level

    Buy on a level breakthrough of 1.4134 with 1.4200 target. Stop loss = 1.4084.

    Reason for the trading strategy

    The Bank of Canada may not like the speed with which the Loonie is declining. Today, attention should be paid to the performance of the Governor of the Bank of Canada Stephen Poloz. Currently, prices for WTI oil are at the level of 32.5 dollars per barrel, which is unreasonably low according to the historical standards, . The adjusting growth in oil prices could stem from the level of $30 per barrel, which should support the Loonie.

     

    USDCAD, H4


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