USDCAD
March 4, 2016, 09:10
Sell on a level breakthrough of 1.3369 with 1.3300 target. Stop loss = 1.3420.
Reason for the trading strategy
It became known yesterday that Saudi Arabia has increased the prices for batches of oil at an average for 20-35 cents (by March) to be delivered to consumers in Asia and Western Europe in April. The current consolidation of oil prices on multi-weeks’ highs has supported the Loonie.
March 4, 2016, 09:10
Sell on a level breakthrough of 1.3369 with 1.3300 target. Stop loss = 1.3420.
Reason for the trading strategy
It became known yesterday that Saudi Arabia has increased the prices for batches of oil at an average for 20-35 cents (by March) to be delivered to consumers in Asia and Western Europe in April. The current consolidation of oil prices on multi-weeks’ highs has supported the Loonie.
USDCAD: consolidation above the level of 1.3369
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