EXNESS - Analytics

    EXNESS

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    USDCAD: consolidation before publication of the statistics on Canada's labor market for May

    Buy on a level breakthrough of 1.2765 with 1.2835 target. Stop loss = 1.2715.

    Reason for the trading strategy

    With yesterday's high of 51.64 dollars per barrel, the WTI oil prices have already fallen to 50 dollars per barrel. A deterioration of the external environment puts pressure on the exchange rate of the Loonie. Today the statistics on Canada's labor market may put additional pressure on it.


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