EXNESS - Analytics

    EXNESS

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    USDCAD: consolidation higher than the 1.3736 level

    Sell on a level breakthrough of 1.3736 with 1.3652 target. Stop loss = 1.3786. 

    Reason for the trading strategy

    The WTI oil futures reacted positively to Baker Hughes' statistics on the number of active oil rigs in the United States, which fell by 26 last week.  At the moment, the WTI crude oil is testing the level of 32.3 dollars. During the day, the USDCAD pair is likely to fall below the 1.3736 level.

    USDCAD, H1


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