EXNESS - Analytics

    EXNESS

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    The USDCAD pair is testing the resistance level of 1.3223

    Sell on a level breakthrough of 1.3223 with 1.3137 target. Stop loss = 1.3273.

    Reason for the trading strategy

    A clear improvement in the energy market and a suspension of the cycle of basic interest rate reduction in Canada are supporting the Loonie. Today, the USDCAD pair could gain a foothold below the level of 1.3223 against the background of rising WTI crude oil prices to 40.1 dollars per barrel.

     

    USDCAD, H4

     


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