EXNESS - Analytics

    EXNESS

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    USDCAD: consolidation before publication of drilling rigs number in the US

    Sell on a level breakthrough of 1.2770 with 1.2700 target. Stop loss = 1.2820.

    Reason for the trading strategy

    Today, it is worth paying attention to the Baker Hughes publication on the number of drilling rigs in the US. With the WTI oil prices staying at 45-50 dollars, a decrease in this indicator can be expected. The USDCAD pair could test the level of 1.2700 in May.

     

    USDCAD, H4

     


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