EXNESS - Analytics

    EXNESS

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    USDCAD: under pressure against the background of rising oil prices

    Sell on a level breakthrough of 1.2714 with 1.2650 target. Stop loss = 1.2764.

    Reason for the trading strategy

    The statistics for Canada's construction sector, which can support the Loonie, will be published today. In May, the number of housing starts is expected to increase by 190 thousand.  Currently, the exchange rate of the Loonie discounts the WTI oil prices that have grown to 50.6 dollars.

     

    USDCAD, H4


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