EXNESS - Analytics

    EXNESS

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    USDCAD: consolidation above the level of 1.2760

    Sell on a level breakthrough of 1.2760 with 1.2660 target. Stop loss = 1.2810.

    Reason for the trading strategy

    Today the USDCAD pair may fall below the level of 1.2760 against the background of a rise in the WTI crude oil prices to $50.2 per barrel. The American Petroleum Institute statistics, which recorded a decline in the US oil inventories by 5.2 million barrels last week, supports the oil futures. 

     

    USDCAD, H1

     


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