Sell on a level breakthrough of 1.3125 with 1.3011 target. Stop loss = 1.3175.
Reason for the trading strategy
Last week, the total number of active oil rigs in the US fell by 29 to 809 pieces.Over the last year the index fell by a significant 57.9%. The data indicates a likely decrease in the US oil production in Q4of 2015 and supports the currencies of Petroleum Exporting Countries.
Reason for the trading strategy
Last week, the total number of active oil rigs in the US fell by 29 to 809 pieces.Over the last year the index fell by a significant 57.9%. The data indicates a likely decrease in the US oil production in Q4of 2015 and supports the currencies of Petroleum Exporting Countries.
USDCAD: consolidation higher than the 1.3125 level
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