EXNESS - Analytics

    EXNESS

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    Real

    USDCAD: consolidation below the level of 1.3047

    Buy on a level breakthrough of 1.3047 with 1.3120 target. Stop loss = 1.2997.

    Reason for the trading strategy

    The investors' concerns that Brexit will lead to a prolonged period of weak growth in the global economy and will reduce the demand for "black gold", continue the negative trend in the oil market. In the short term, the WTI oil prices may be reduced below $46 per barrel due to a recovery of oil production in Nigeria.

    USDCAD, H1


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