EXNESS - Analytics

    EXNESS

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    Real

    Expectations of an increase in the US oil reserves scare the Loonie

    Buy on a level breakthrough of 1.3845 with 1.3910 target. Stop loss = 1.3795.

    Reason for the trading strategy

    Today, commodity currencies can rapidly respond to the US Department of Energy publication of statistics on stocks of oil and oil products in the US. According to the American Petroleum Institute, the US crude oil reserves rose by 7.1 million barrels last week.

    USDCAD, H1


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