EXNESS - Analytics

    EXNESS

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    Real

    The USDCAD pair is testing the resistance level of 1.2825

    Sell on a level breakthrough of 1.2825 with 1.2750 target. Stop loss = 1.2875.

    Reason for the trading strategy

    According to Baker Hughes, the total number of oil rigs in the US grew by 10 units to 424 units last week. The news has a moderating effect on the growth of the oil quotations. Meanwhile, taking advantage of the weakness of the world's reserve currency, the latter are testing the level of $49.5 per barrel (WTI).

     

    USDCAD, H1

     


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