Buy on a level breakthrough of 1.3093 with 1.3185 target. Stop loss = 1.3043.
Reason for the trading strategy
The increase in Canada's balance of payments deficit expected in Q1 2016 is likely to weaken the Canadian dollar. The external factors do not contribute to its strengthening either. The prices for WTI crude oil are under pressure, the US dollar continues to strengthen against the background of the improved US macroeconomic statistics.
Reason for the trading strategy
The increase in Canada's balance of payments deficit expected in Q1 2016 is likely to weaken the Canadian dollar. The external factors do not contribute to its strengthening either. The prices for WTI crude oil are under pressure, the US dollar continues to strengthen against the background of the improved US macroeconomic statistics.
Exness - USDCAD: consolidation below the level of 1.3093
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