EXNESS - Analytics

    EXNESS

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    The Loonie is trying to gain a foothold against the background of rising oil prices

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

    Reason for the trading strategy

    The expectations of the meeting of oil producing countries, which can work out a common position on the stabilization of the situation in the oil market on April 17, support the oil prices and the Loonie. This week, the WTI crude oil can update the local high of 42.5 dollars.

    USDCAD, H4


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