Sell on a level breakthrough of 1.2525 with 1.2450 target. Stop loss = 1.2575.
Reason for the trading strategy
The US Federal Reserve's soft rhetoric and the decline in the oil production in the US last week provide support to oil prices. At the moment, a WTI barrel is $45.25 already. The USDCAD pair may test the level of 1.2450 in the short term
Reason for the trading strategy
The US Federal Reserve's soft rhetoric and the decline in the oil production in the US last week provide support to oil prices. At the moment, a WTI barrel is $45.25 already. The USDCAD pair may test the level of 1.2450 in the short term
Exness - USDCAD: consolidation above the level of 1.2525
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