EXNESS - Analytics


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    The USDCAD pair is "eyeing" the level of 1.4142

    Sell on a level breakthrough of 1.4226 with 1.4142 target. Stop loss = 1.4276.

    Reason for the trading strategy

    Yesterday, the head of Saudi Arabia's largest oil company called the drop in the oil prices below $30 irrational. Today, the prices of the BRENT and WTI oil tested the mark of $30.5 and supported the Loonie. At 13.30 GMT, attention should be paid to the publication of the consumer price index and retail sales in Canada.

    USDCAD, H4

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