EXNESS - Analytics

    EXNESS

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    USDCAD: consolidation in the range of 1.3335-1.3400

    Sell on a level breakthrough of 1.3335 with 1.3255 target. Stop loss = 1.3385.

    Reason for the trading strategy

    Today the WTI oil prices are growing and are above $38.5 per barrel. Market participants are picking up the crude oil futures that became cheaper yesterday, winning back the American Petroleum Institute statistics, according to which, the gasoline and distillates stocks in the US decreased by about 2 million barrels in total over the past week.

    USDCAD, H1


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