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    USDCAD: under pressure before the Bank of Canada meeting

    Sell on a level breakthrough of 1.3367 with 1.3261 target. Stop loss = 1.3417.

    Reason for the trading strategy

    According to the American Petroleum Institute, last week, crude oil inventories in the US rose by 4.4 million barrels, but gasoline inventories fell by 2.1 million barrels. Today, it is worth paying attention to similar data from the US Department of Energy and the Bank of Canada meeting, which is likely to keep its key interest rate unchanged. 

    USDCAD, H1


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