EXNESS - Analytics

    EXNESS

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    USDCAD: under pressure against the background of rising oil prices

    Sell on a level breakthrough of 1.3638 with 1.3465 target. Stop loss = 1.3700. 

    Reason for the trading strategy

    The Loonie is supported by the growing WTI oil prices, which is now trading near 33.4 dollars per barrel against the background of Iran's readiness to support any action (by the OPEC and Russia) taken towards the recovery of the oil prices. 

    USDCAD, H4


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