Buy on a level breakthrough of 1.3153 with 1.3295 target. Stop loss = 1.3100.
Reason for the trading strategy
Despite the resumed rise in oil prices, the Canadian dollar's positions seem unstable. Today, the internal statistics may put pressure on it. In March, the core retail sales in Canada is expected to decline to 0.5% (m/m), and in April, the annual core inflation rate is expected to decline from 2.1% to 2%.
Reason for the trading strategy
Despite the resumed rise in oil prices, the Canadian dollar's positions seem unstable. Today, the internal statistics may put pressure on it. In March, the core retail sales in Canada is expected to decline to 0.5% (m/m), and in April, the annual core inflation rate is expected to decline from 2.1% to 2%.
Exness - USDCAD: adjustment from the level of 1.3153
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