EXNESS - Analytics

    EXNESS

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    USDCAD: consolidation before publication of macroeconomic statistics from Canada

    Sell on a level breakthrough of 1.2970 with 1.2840 target. Stop loss = 1.3020.

    Reason for the trading strategy

    Today, it is worth paying attention to the publication of data on inflation and retail sales in Canada. The expected growth of the indexes in February can provoke the USDCAD pair to break through the support level of 1.2970.

    USDCAD, H4


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