EXNESS - Analytics

    EXNESS

    626.50 4.00/10
    69% of positive reviews
    Real

    The Loonie came under pressure against the background of a rising unemployment rate in Canada

    Buy on a level breakthrough of 1.3263 with 1.3313 target. Stop loss = 1.3213.

    Reason for the trading strategy

    The data on Canada's labor market for February were worse than expected and provoked a weakening of the Canadian dollar.  In the reporting period, the country's unemployment rate rose from 7.2% to 7.3%, while employment decreased by 2.3 thousand.

    USDCAD, H1


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