Sell on a level breakthrough of 1.2970 with 1.2840 target. Stop loss = 1.3020.
Reason for the trading strategy
The rise in the WTI crude oil prices to 41.07 dollars per barrel amid the American regulator's mild rhetoric and the meeting of 15 oil producers in Doha, the capital of Qatar, scheduled for April 17, is supporting the Loonie. The USDCAD pair may test the level of 1.2840 in the short term