EXNESS - Analytics

    EXNESS

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    USDCAD: growth against the background of falling oil prices

    Buy on a level breakthrough of 1.3975 with 1.4100 target. Stop loss = 1.3925.

    Reason for the trading strategy

    Today, the WTI oil prices are again below the level of $30, creating preconditions for the Loonie weakening. Investors fear that the oversupply of oil in the market will continue for a long time.

    USDCAD, H4


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