EXNESS - Analytics


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    The high oil prices support the Loonie

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

    Reason for the trading strategy

    The external background is favorable for the growth of the Loonie. The WTI crude oil prices are staying at around $41 per barrel, and are responding positively to the message about the possibility of Saudi Arabia signing an agreement on the limitation of oil production on 17 April, even without Iran's participation.

    USDCAD, H4

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