EXNESS - Analytics

    EXNESS

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    USDCAD: adjustment from the 1.3638 support level

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

    Reason for the trading strategy

    The oil prices slid down after the publication of statistics on the US oil inventories. Last week inventories rose by 2.1 million barrels. At the same time, oil production in the US dropped from 9.186 million to 9.135 million barrels per day. After a brief adjustment, the USDCAD pair will probably test the 1.3638 level. 

    USDCAD, H4


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