Sell on a level breakthrough of 1.2970 with 1.2840 target. Stop loss = 1.3020.
Reason for the trading strategy
The statistics on core inflation and retail sales in Canada, which has appeared at the expected level or better, has reduced the likelihood of lowering the key interest rate in the country. At the moment, the growth in the number of oil rigs in the United States, which has increased by 1 to 387 pieces over the last week, puts some pressure on the Loonie.