EXNESS - Analytics

    EXNESS

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    USDCAD: consolidation before the publication of inflation statistics for Canada

    Buy on a level breakthrough of 1.3043 with 1.3143 target. Stop loss = 1.2990.

    Reason for the trading strategy

    Canada's inflation statistics will be published today. The rise in oil prices and employment in May forms a background for an acceleration of consumer price inflation in Canada from 0.3% to 0.5% per annum. The internal statistics can support the Canadian currency, but the overall risk aversion ahead of the UK referendum form the background for its weakening.

     

    USDCAD, H4

     


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