EXNESS - Analytics

    EXNESS

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    USDCAD: under pressure before publication of Canada's GDP

    Sell on a level breakthrough of 1.3947 with 1.3810 target. Stop loss = 1.4000.

    Reason for the trading strategy

    Today, the data on Canada's GDP for November 2015 may support the Loonie. In the reporting period, the index is expected to grow by 0.3% (m/m). In addition, the rise in the oil prices above $34 per barrel contributes to the growth in demand for commodities and commodity currencies. 

    USDCAD, H4


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