EXNESS - Analytics

    EXNESS

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    USDCAD: under pressure against the background of rising oil prices

    Sell on a level breakthrough of 1.4043 with 1.3983 target. Stop loss = 1.4093.

    Reason for the trading strategy

    The oil prices and the Loonie were backed by the news of a possible reduction in the oil production quotas by the OPEC countries and Russia in February. Currently, the WTI crude oil prices are comfortable and are consolidating around the level of $32.2.

    USDCAD, H4


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