EXNESS - Analytics

    EXNESS

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    USDCAD: consolidation above the level of 1.2910

    Sell on a level breakthrough of 1.2910 with 1.2835 target. Stop loss = 1.2960.

    Reason for the trading strategy

    The weakness of the world's reserve currency and the consolidation of the oil prices near the level of $50 per barrel have a stabilizing effect on the course of the Loonie. Today it became known that Saudi Aramco, the Saudi Arabian Oil Company, lowered the oil prices for Europe (due to competition with the supply of Iranian oil to the region) and raised them for the US.

     

    USDCAD, H4

     


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