EXNESS - Analytics

    EXNESS

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    USDCAD: growth before publication of the statistics on Canada's labor market

    Buy on a level breakthrough of 1.2885 with 1.2990 target. Stop loss = 1.2835.

    Reason for the trading strategy
     

    The rising jobless rate in Canada from 7.1% to 7.2% expected in April may cause a weakening of the Loonie. At a breakthrough of the 1.2885 level, opening long positions for the USDCAD pair is worth considering.



    USDCAD, H4

     


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