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    USDCAD: consolidation before publication of Canada and US labor market data

    Sell on a level breakthrough of 1.3638 with 1.3550 target. Stop loss = 1.3688.

    Reason for the trading strategy

    Tonight, it is worth paying attention to the data on the labor markets of the US and Canada. If the January statistics on the US labor market is worse than expected, it will signal the sensitivity of the US economy to the external shocks, such as a slowdown in China's growth, the commodity prices will fall. In this case, the US Federal Reserve will have to delay the next rate hike for Q2-Q3 2016. 

    USDCAD, H1

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