Buy on a level breakthrough of 1.3093 with 1.3185 target. Stop loss = 1.3043.
Reason for the trading strategy
Canada's GDP estimate for March will be published today. A 0.1% (m/m) decline, expected in the reporting period, may put pressure on the Loonie. In addition, the USDCAD pair is likely to receive more support from the US macroeconomic statistics - personal income and consumer spending in the US.
Reason for the trading strategy
Canada's GDP estimate for March will be published today. A 0.1% (m/m) decline, expected in the reporting period, may put pressure on the Loonie. In addition, the USDCAD pair is likely to receive more support from the US macroeconomic statistics - personal income and consumer spending in the US.
Exness - USDCAD: growth before publication of Canada's GDP
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