EXNESS - Analytics

EXNESS

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USDCAD: consolidation before the publication of the US and Canada's labor market statistics

Sell on a level breakthrough of 1.4048 with 1.3978 target. Stop loss = 1.4100.

Reason for the trading strategy

Against the background of concerns about China there was an adjusting rise in prices for WTI crude oil form 32,07 dollars to 33.96 dollars per barrel, which put pressure on the USD/CAD pair. Today we allow for it to exit the 1,4048-1,4168 range at the time of publication of the US and Canada's labor market data for December.

USDCAD, H1



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