EXNESS - Analytics

    EXNESS

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    USDCAD: consolidation above the support level of 1.3515

    Sell on a level breakthrough of 1.3515 with 1.3460 target. Stop loss = 1.3565.

    Reason for the trading strategy

    The meeting of Finance Ministers and Heads of G20 Central Banks at Shanghai summit will be the most important event today. Market participants hope to reach an agreement on measures of the global economy support. In the evening, it is worth paying attention to the publication of the weekly statistics on the number of oil rigs in the United States.       

     

    USDCAD, H1

     


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