EXNESS - Analytics

    EXNESS

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    USDCAD: growth against the background of falling oil prices

    Buy on a level breakthrough of 1.3330 with 1.3395 target. Stop loss = 1.3280.

    Reason for the trading strategy

     The Loonie came under pressure against the background of a decline in the WTI oil prices from 40 to 38 dollars per barrel. Yesterday, A.Novak, the Minister of Energy, said that "we fully understand Iran's desire to increase production and to recover its share in the global market."

    USDCAD, H1


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